Cryptocurrency markets staged a broad recovery during the period covered in the report, with bitcoin, bitcoin cash, and a wide range of major altcoins posting strong gains. The move was notable not only for its size, but also for its breadth: many large-cap alternative cryptocurrencies broke above descending trendlines and climbed toward the 0.236 Fibonacci retracement level when measured from their 2018 highs. That pattern suggested a market-wide improvement in momentum after months of heavy declines.
BCH Outperforms Bitcoin
Among the leading assets, Bitcoin Cash (BCH) stood out as one of the strongest performers. While bitcoin itself gained around 10% over the week, BCH rallied by nearly 50% against the U.S. dollar over seven days. The token pushed through the $1,000 resistance level, reclaiming a four-digit price for the first time since March. At the time referenced in the source material, BCH was consolidating above that threshold at roughly $1,080.
Against bitcoin, BCH also showed substantial strength. The report notes that BCH rose about 40% in one week, rebounding from approximately 0.092 BTC to around 0.13 BTC. When measured from its 2018 high near 0.25 BTC, the market was consolidating around the 23.6% retracement area. According to the cited market data, BCH had a total market capitalization of roughly $18.5 billion, making it the fourth-largest cryptocurrency by market value at the time.
Ethereum Rebounds From April Lows
Ethereum (ETH), the second-largest crypto asset by market capitalization, also delivered a strong recovery. Over roughly two weeks, ETH advanced about 60%, rallying from a local low near $370 in early April to test the $600 area. The source describes the move as not just a one-off bounce, but a steady climb, with ETH adding around 20% in the seven days leading up to publication.
On the ETH/BTC chart, ethereum gained roughly 28% from its April low near 0.054 BTC. At the time, it was testing the 0.236 retracement area around 0.069 BTC. Its market capitalization was listed at approximately $59 billion. The combination of dollar-denominated gains and relative strength versus bitcoin suggested that market participants were rotating capital back into large-cap altcoins.
XRP Joins the Advance
Ripple (XRP) was also among the standout gainers in the period covered. The token, then the third-largest cryptocurrency by market value, posted gains of more than 80% over two weeks, rising from around $0.45 to test resistance near $0.90. At the time of writing in the original piece, XRP was trading at roughly $0.86, still holding most of its recent advance.
Measured against bitcoin, XRP had rebounded approximately 40% from its April low near 0.00007 BTC. It was reported to be consolidating just below the 0.236 retracement level near 0.0001 BTC when measured from its record highs earlier in 2018. XRP’s market capitalization was estimated at about $33.25 billion.
Top-Ten Markets Show Broad-Based Strength
The source emphasizes that gains were not limited to only a few names. Across CoinMarketCap’s top ten cryptocurrencies by capitalization, most major altcoins recorded meaningful advances during April. This broad-based recovery gave the impression of a coordinated market rebound rather than an isolated rally in a handful of tokens.
EOS and Litecoin (LTC) were described as competing for the position of the fifth-largest cryptocurrency. EOS led with a market capitalization of nearly $9 billion and had surged almost 90% in just two weeks, climbing from below $6 to around $11.15. Against bitcoin, EOS gained more than 45% over the same period, reaching approximately 0.0012676 BTC while testing an important resistance zone.
Litecoin, meanwhile, held an estimated market capitalization of roughly $8.4 billion. Over the preceding two weeks, LTC rose more than 30%, bouncing from $115 to $150. Relative to bitcoin, however, Litecoin’s performance was more modest, with gains of around 10% from its April lows. The report places LTC at about 0.017 BTC and notes that it had been one of the least correlated among major altcoin markets, trading within a comparatively tighter range against BTC for much of 2018.
ADA, XLM, and IOTA Nearly Double
Several other major altcoins posted even more dramatic short-term rebounds. Cardano (ADA) nearly doubled during April, rallying from around $0.145 two weeks earlier to test resistance near $0.285. In BTC terms, ADA gained roughly 47.5%, rising from about 0.00002200 BTC to around 0.00003250 BTC. Its market capitalization was reported at approximately $7.4 billion, placing it seventh among all cryptocurrencies.
Stellar (XLM) also almost doubled, moving from a low near $0.19 to current levels around $0.37. Against bitcoin, Stellar gained approximately 46.25% over two weeks, increasing from 0.00002900 BTC to 0.00004250 BTC. The asset’s market capitalization stood at about $6.91 billion. The report further notes that XLM had rallied as high as the 0.618 retracement against BTC before consolidating near the 0.5 retracement area.
IOTA was another notable mover. The token reportedly doubled in two weeks, rising from around $0.095 to approximately $1.89. It also gained about 49% against bitcoin over that same period. IOTA’s market capitalization was listed at around $5.25 billion.
NEO, which ranked tenth by market cap in the source, gained roughly 60% over two weeks, climbing from around $46 to $74. On the BTC pair, NEO rose around 25%, moving from approximately 0.000675 BTC to 0.000847 BTC. Its market capitalization was given as roughly $4.8 billion.
Is an Altcoin Season Starting?
Despite the impressive rebound, the source stops short of declaring a full-fledged altcoin season. Instead, it frames the rally as a technically significant recovery that still requires confirmation. Many markets had broken above descending triangles or trendlines and advanced toward the 0.236 Fibonacci retracement area, but analysts were still looking for a pullback followed by a higher low on larger time frames before concluding that a more durable trend reversal was underway.
That distinction is important. After months in which many altcoins had lost as much as 80% to 85% from prior highs, a sharp bounce alone was not enough to prove that a sustained bull phase had returned. For traders and investors, the central question was whether these moves represented the beginning of a broader cyclical recovery or simply a powerful relief rally after prolonged selling pressure.
In short, the report portrays a market that had clearly regained upside momentum, with BCH, ETH, XRP, EOS, ADA, XLM, IOTA, and NEO all posting strong gains. But it also underscores that key resistance levels were coming into focus, making the next phase of price action especially important for judging whether the rebound could evolve into a lasting trend.