According to BlockBeats, on October 16, according to CoinGecko data, the total market value of the cryptocurrency market has rebounded to 2.434 trillion US dollars, an increase of 0.3% in 24 hours. This data shows that market sentiment is gradually warming up and investor confidence has recovered. On-chain data analysis shows that the trading activity and capital inflow of major crypto projects have increased, indicating that the market may usher in a new round of rising prices.