Larger-cap alt coins in the green, ETH reclaims $2,300

Ethereum has recovered around 2% of value in the past 24 hours and sits well above $2,300

Bitcoin’s price dropped below $76,000 yesterday as the war uncertainty continues to build up, but has rebounded by over a grand since then, ahead of the U.S. FOMC meeting today.

Most larger-cap alt coins are slightly in the green today, with ETH reclaiming $2,300 and BNB defending the $625 level. DOGE has surged the most from this cohort of assets.

Ethereum has recovered around 2% of value in the past 24 hours and sits well above $2,300. XRP, BNB, SOL, TRX, ADA, BCH, and XMR are also slightly in the green. Dogecoin has climbed by more than 7% to go beyond $0.105.

PUMP, ASTER, TAO, and Pi Network’s PI token follow suit. In fact, PI has climbed by more than 15% in the past week and tapped a monthly high at $0.20 earlier today before it was stopped. Some analysts used this resurgence to outline massive price predictions, including a potential 1,400% rise for PI.

The total crypto market cap has risen by around $50 billion from yesterday’s low and is above $2.670 trillion on CG now.

After it dropped below $74,000 last Monday, the primary cryptocurrency went on an impressive roll, surging to a multi-month high of $79,500 by Tuesday when Iran and the US extended their ceasefire. Several choppy days of trading followed in which BTC remained in a relatively tight range between $77,000 and $78,500, and even the weekend developments on the war couldn’t really shake it.

The bulls returned on Monday morning somewhat unexpectedly and drove bitcoin to $79,500 once again, only to be rejected instantly. In the following hours, BTC first dropped to $77,500 before it dived to $76,500.

The bears took it a step further yesterday despite the U.S. president’s claims that Iran is in a state of defeat, and BTC slid to a multi-day low of $75,600. Nevertheless, it has climbed to over $77,000, but more volatility is expected after today’s FOMC meeting, as many experts believe it would be another correction.

For now, BTC’s market cap stands close to $1.550 trillion on CG, while its dominance over the alt coins is down to 58%.