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In the Green: Cryptocurrency Prices Rebound After Market Correction
Cryptocurrency prices have rebounded, reversing the price declines seen during a broad market correction.
Updated Sep 11, 2021, 1:27 p.m. Published Jun 16, 2017, 7:30 p.m.
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Cryptocurrency prices rebounded today, reversing the price declines seen during this week's broad correction.
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This rebound was seen across many different markets, with more than 90 of the top 100 cryptocurrencies seeing higher prices in the last 24 hours, according to CoinMarketCap.
This broad rally coincided with the market capitalization (market cap) of cryptocurrencies reaching $107.7bn today, a roughly 17.5% increase over the prior day’s low of $91.3bn, additional CoinMarketCap figures show.
The wider cryptocurrency market saw a notable correction earlier in the week, with its collective market cap falling by more than 20% after reaching an all-time high of $117.2bn on 12th June. This stood in contrast to the significant inflows seen over the past few months, as the total cryptocurrency market cap has risen more than 500% year-to-date as of press time.
The sharp appreciation motivated some analysts to warn that the cryptocurrency market may have entered bubble territory.
Bouncing ball image via Shutterstock; Graph image via CoinMarketCap
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
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- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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