Cryptocurrency Market Sees Volatility as Bitcoin Rises Above $65,000

The cryptocurrency market has been experiencing significant fluctuations over the past day, with Bitcoin (BTC) climbing back above $65,000 after a brief drop to that level. This rise comes after liquidations of over $500 million in the early hours of Monday morning.

Despite this increase, other cryptocurrencies have seen drops in value. Ethereum (ETH), for example, has fallen below its support level of $1,992, while XRP and Dogecoin (DOGE) have also experienced losses.

However, some traders remain cautiously optimistic about the future of these assets. Crypto trader Jelle notes that bear markets typically take time to unfold and urges patience when it comes to investing in cryptocurrencies. Meanwhile, trader SZ emphasizes the importance of reclaiming previous lows for Solana (SOL) to signal a potential bottom.