Crypto Market Rebounds on Exhaustion of Bearish Sentiment

The crypto market has seen a significant increase in value over the past 24 hours, with the total crypto market cap rising to $2.24 trillion. This rebound is believed to be due to exhaustion of bearish sentiment in the market.

Bitcoin has regained its value above $65,000, having been rangebound between $65,000 and $70,000 for nearly three weeks. The stabilization of Bitcoin's price has contributed to the overall increase in the total crypto market cap.

Morpho has emerged as one of the top-performing altcoins, with a 12% gain over the past day. Its price has shown relative strength compared to other digital assets, and sustained buying interest is indicated by the Chaikin Money Flow indicator.