Bitcoin extends rebound after sliding to a seven-month low

After plunging to a seven-month low, Bitcoin staged a recovery and moved back toward the $90,000 mark. On Tuesday, the cryptocurrency traded at $87,975, up 0.2%, with most major altcoins following its upward trend.

Bitcoin gained 2% over the past 24 hours, while Ethereum surged more than 4%. Among other leading tokens, XRP jumped 9%, BNB climbed 3%, and Cardano advanced 4%. Solana, Dogecoin, and Hyperliquid also added up to 5% during the same period.

Overall, the global crypto market capitalization edged up 1% to around $3 trillion.