The cryptocurrency market experienced a significant downturn in the past 24 hours, with Bitcoin (BTC) plummeting to under $61,000 for the first time in over two weeks. However, there are some positive signs emerging as the market begins to recover.

Altcoins such as ARB and STX have shown notable increases despite the overall market decline. Bitcoin's market capitalization has dropped to $1.233 trillion, and its dominance over altcoins has slipped to just below 50%.

Ethereum (ETH) also experienced a drop from over $4,000 to under $3,200, but it has since stabilized around the latter. Solana (SOL) overtook Binance Coin (BNB) as the fourth-largest digital asset, despite its price being down 3% on the day.

While the total crypto market cap remains well below $2.5 trillion, the recent recovery of some altcoins and the stabilization of Bitcoin and Ethereum suggest that the market may be on the path to regaining its momentum. This optimistic outlook is further supported by the double-digit price increases of STX, ARB, and OP.