After a volatile weekend that triggered billions in liquidations, the global crypto market staged a powerful comeback on Monday.
Bitcoin (BTC) climbed back above US $110,700, up 3.3% in 24 hours, while Ethereum (ETH) traded near US $4,050, reflecting renewed investor confidence across both global and African markets.
What’s Driving the Rebound
Analysts attribute the rebound to:
- Renewed institutional inflows into Bitcoin ETFs,
- Stabilizing macroeconomic conditions following easing inflation fears, and
- A broader return of risk appetite among global investors.
Across Africa, the rebound has already boosted trading activity on local platforms such as Luno, Yellow Card, and Bitmama, where traders had paused after the mid-October crash.
See more related: Citi’s New ETH Target Slips to $4,300 as Analysts Warn of Downside Pressure
African Markets Follow Global Trend
African investors have become increasingly active in global market cycles, thanks to easier access via exchanges and mobile-based trading apps.
Stablecoins like USDT and USDC continue to dominate regional volumes, while Bitcoin remains the preferred asset for long-term holders and remittance users.
“Market corrections are part of crypto’s DNA,” said one South African trader. “What matters is how quickly sentiment recovers — and Africa’s market has rebounded faster than expected.”
Key Metrics
- Global Crypto Market Cap: US $4.2 trillion (+2.7%)
- 24-Hour Volume: US $190 billion (+18%)
- Bitcoin Dominance: 48.3%
- Top Movers in Africa: BTC, ETH, SOL, and BNB
Conclusion
The recovery underscores the resilience of the digital asset market — and highlights Africa’s growing integration into global crypto momentum.
As institutional interest expands and infrastructure matures, Africa’s investors are increasingly part of the global market rhythm rather than reacting to it.
