AVAX Surges 12% as Bitcoin Recovers From Sub-$112K Drop

Crypto markets bounced back after a volatile start to the week, with Avalanche (AVAX) leading the charge while Bitcoin regained footing above $113,000.

Bitcoin Recovers After Sub-$112K Dip

Bitcoin dipped to a two-week low of $111,600 earlier in the week, following Monday’s market downturn that triggered over $1.7 billion in liquidations. The dip broke a short-term trading range that had held between $115,200 and $116,000 since last week.

After bottoming out, BTC rebounded, settling near $113,000 with its market capitalization at $2.25 trillion and dominance over altcoins holding at 56.4%. The recovery suggests a temporary stabilization after a sharp sell-off, though volatility remains high.

Avalanche Leads Altcoin Gains

While most large-cap altcoins showed only minor gains or continued losses, AVAX exploded by over 12% in daily trading, reclaiming momentum and reaching nearly $35. Other altcoins showing upward movement include CRO, MNT, and NEAR, while BNB, SOL, and HYPE experienced minimal daily gains.

The total crypto market capitalization rebounded by more than $40 billion since the low, climbing back to the $4 trillion mark, signaling a partial recovery across the market after Monday’s sharp drop.

Market Outlook

The near-term market focus remains on Bitcoin’s ability to hold above $113,000 and altcoins’ potential to continue their rebound. AVAX’s strong performance highlights selective strength in the altcoin sector, suggesting that traders may rotate into high-momentum assets while overall market sentiment remains cautious.