Crypto market rises from the dead, scoops up $100 billion in a day

The cryptocurrency market has mounted a powerful comeback over the past 24 hours, reclaiming roughly $100 billion in value.

This influx of capital pushed total market capitalization from $2.85 trillion to $2.95 trillion as of press time. The rebound follows a week of intense volatility and widespread concern that a deeper market unraveling could be underway.

30-day crypto market cap chart. Source: CMC 30-day crypto market cap chart. Source: CMC 30-day crypto market cap chart. Source: CMC Bitcoin (BTC) led the resurgence after recovering from a steep slide that briefly pulled the asset toward $80,000. The retreat, which came after its record run to $126,000 last month, heightened market anxiety and sparked talk of a potential trillion-dollar collapse.

At the time of reporting, Bitcoin had gained 3.42% to trade at $86,596. Ethereum (ETH) rose 4.51% to $2,835.07, supported by renewed inflows after a muted start to the week

XRP delivered one of the strongest advances, climbing 7.72% to $2.04, while BNB added 3.90% to reach $847.07. Solana gained 4.40%, lifting its price to $131.

Top crypto gainers. Source: Finbold**Top crypto gainers. Source: Finbold## Why crypto market is rallying

Momentum has shifted as traders reassessed expectations around U.S. monetary policy, with odds now tilting toward a possible Federal Reserve rate cut in December. Recent comments signaling openness to policy easing helped calm fears that resilient economic data would prolong tighter financial conditions.

Analysts note that the recent downturn was intensified by tariff concerns, dollar strength, and widespread liquidations across leveraged positions. The cleanup flushed out excess froth from the market, creating conditions that may support a more constructive recovery if macro headwinds ease.

On the other hand, technical readings added fuel to the rebound, with marketwide RSI levels plunging into extreme oversold territory

Bitcoin’s RSI briefly matched capitulation depths last seen during the FTX crisis, triggering contrarian buying as the asset defended key support around $80,600

Bitcoin $BTC has hit extreme oversold territory on the RSI.

In the past two cases, the market bounced soon after. pic.twitter.com/nDICqyjJkQ

— Ali (@ali_charts) November 23, 2025

Bitcoin $BTC has hit extreme oversold territory on the RSI.

In the past two cases, the market bounced soon after. pic.twitter.com/nDICqyjJkQ

With the market lifting off oversold conditions, attention now turns to whether total capitalization can secure a close above the $3 trillion threshold, a level that would signal a sustained trend reversal

Failure to reclaim that mark could leave the market vulnerable to another pullback toward the $2.89 trillion support zone.

Featured image via Shutterstock

Featured image via ShutterstockFeatured image via Shutterstock