Ethereum Breaks $4,500 Barrier: Is the Bear Market Over?

The cryptocurrency market is showing signs of recovery after a significant downturn, with its total capitalization now at $3.512 trillion. A recent surge has added roughly $42.3 billion in value over the past 24 hours, defying losses exceeding $1 trillion since its October 6 peak. While Bitcoin (BTC) surged back above $100,000 to reach $103,200, Ethereum (ETH) remained steady near $3,400. Privacy-focused coins and Layer-2 solutions continue to perform exceptionally well, outpacing the market in a rebound fueled by global concerns over surveillance. Zcash (ZEC), for example, soared 15.2% within 24 hours and has seen a weekly gain of 42.2%, driven by renewed interest in secure transactions. Internet Computer (ICP) rose 24%, and Dash (DASH) added 18.6%. Despite volatility, presales continue to attract capital, with Bitcoin Hyper (HYPER) raising $26 million and Best Wallet Token (BEST) nearing $17 million. This suggests a strong shift toward promising assets as the market shows signs of stabilization.