Capital markets commentator The Kobeissi Letter highlighted the impressive rebound of the cryptocurrency market, particularly Bitcoin (CRYPTO: BTC), from its April lows on Tuesday.
What Happened: Through its official X account, Kobeissi Letter highlighted that the total cryptocurrency market cap has surged by $1 trillion, or 42%, since the bottom on April 8.
Furthermore, it stated that the market valuation was only 6% below its December peak of $3.70 trillion.