Dogecoin, XRP, and Solana lead altcoin market rebound

The cryptocurrency market is experiencing a broad recovery, with total market capitalization approaching $3 trillion, up approximately 4%. Dogecoin has surged nearly 14% in 24 hours, while PEPE and Bittensor have seen gains of approximately 25% and 18%, respectively. This upward momentum has triggered significant liquidations of short positions, totaling nearly $900 million across the market. Other assets, including XRP, Cardano, Solana, and Sui, are also participating in the rally. Despite the gains, the Altcoin Season index remains near 49, indicating that a full-scale altseason has not yet been reached.