Bitcoin's price has surged above $99,000, recovering from a recent low of $92,000 reached on December 20, 2024.

Market analysts had been debating whether this drop was a typical correction or a sign of the end of the current bull market, but the recent rebound suggests it may simply be a correction.

Prior to this drop, Bitcoin had reached a new all-time high, climbing from approximately $101,000 to over $108,000 by December 17, 2024.

As of December 21, 2024, Bitcoin's market capitalization stands at around $1.950 trillion, maintaining a dominance of 54.6% over alternative cryptocurrencies.

The total cryptocurrency market cap, which had fallen below $3.4 trillion, has now rebounded to over $3.550 trillion, indicating a broader recovery in the market.

Ethereum (ETH) is also showing signs of recovery, rising from a low of $3,300 to nearly $3,500, reflecting a 6% increase in just one day.

Other altcoins such as BNB, SOL, TRX, and HBAR have gained around 5-6%, while several others, including DOGE, ADA, AVAX, LINK, SHIB, and DOT, have surged by double digits.

XRP has bounced back above $2.3 after dipping below $2 on December 20, 2024.