The Key Driver Behind the Recovery in Bitcoin, Ethereum, and Solana Today

It's perhaps too soon to call today's rebound in the crypto world sustainable. Indeed, this weekend brought yet another plunge to major cryptocurrencies, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) dropping to $17,708 and $896, respectively. For Bitcoin, this was its lowest level since 2020, and for Ethereum, this was the token's lowest level since early 2021.

However, the story has changed as of 9:30 a.m. ET on Monday. Bitcoin and Ethereum have rebounded 5.5% and 8.7%, respectively, in the past 24 hours. These gains built on the upticks seen yesterday. At the time of writing, these tokens trade for around $20,500 and $1,130 apiece. 

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Source Fool.com