The cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), has made significant strides towards recovery after Monday's crash. The daily average trading volume of Bitcoin has surged by over 90% in the past 24 hours, reaching approximately $93 billion. This increase led to a rise of more than 4% in the total value of the cryptocurrency market, which stood at around $2 trillion earlier today.

Cryptocurrencies that had seen significant declines over the past week, such as Bitcoin and Ethereum, are now slowly starting to recover. BTC has risen by 5% in the past 24 hours, while Ethereum experienced an increase of more than 6.5% in the last 24 hours.

Therefore, the cryptocurrency market has somewhat successfully bounced back after the crash, thanks to the increased global liquidity and long-term investors seizing the opportunity to invest.