Nigeria, Sept. 29 -- The global cryptocurrency market has shown signs of recovery, with Bitcoin regaining some of the losses incurred last week.

On Monday morning, Bitcoin's price surged to $112,000, reversing much of the decline from the previous week.

The upward movement helped support a rally across the top ten cryptocurrencies by market capitalization, including Solana, Dogecoin, Cardano, Ethereum, and XRP. These altcoins saw price increases ranging from 3% to 4% over the past 24 hours.

As of today, the total market capitalization of all cryptocurrencies stands at approximately $2.23 trillion, marking a 2.35% increase in the past 24 hours.

Notably, nearly $260 million worth of short positions were liquidated in the last 24 hours,...