Cryptocurrency Market Update: Altcoins Bounce From The Bottom

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FOMO MomentsMarkets are bouncing from the bottom, XRP, Litecoin, Tezos and Tron recovering from major losses.After five days of heavy losses resulting in $40 billion being dumped out of crypto markets a bounce has finally occurred. The boards are all green this morning as cryptocurrencies rebound from the yearly bottom a couple of days ago. Market capitalization has climbed back above $200 billion but is still very low looking at the big picture.Bitcoin has led the charge recovering 6% on the day to $6,420. BTC held support at $6k and has yet to plunge below it again which is a good sign generally. Ethereum, which has been utterly smashed over the past week has gained 6.7% back to trade at $285 which is still close to its lowest levels in a long time.The altcoins fall harder but they also make bigger gains when things turn around, which they always do.