The cryptocurrency market has seen a significant rebound, with over $116 billion added to its market cap within 24 hours. Ethereum has broken the $4,600 threshold, signaling a resurgence among altcoins with many posting double-digit gains.

This rally hints at broader market recovery, suggesting that investors are regaining confidence. Altcoins are rallying alongside Ethereum, indicating strong bullish sentiment across the crypto space.

Market participants should keep an eye on these trends as they develop, looking for opportunities to invest in this recovering market.