The cryptocurrency market went through a relatively volatile 24 hours, where Bitcoin took center stage and managed to increase above $62,000.

The uptick has also given leeway to smaller-cap altcoins to recover, with one viral meme coin exploding by as much as 25% on the day. Let’s dig in.

Bitcoin Bulls Reappear, Push Price Above $62K

Yesterday, Bitcoin’s price was trading around $61,000 for quite a while, and the bears even managed to push it to a local low of around $60,800.

However, buyers stepped up and conquered $61K. Today, the positive sentiment seems to continue, as BTC is currently trading at around $62,250.

The price action during the past couple of days is important, and the way BTC performs in this range will be indicative of its upcoming direction.