Green Market Watch: Bitcoin Rebounds $5K, Cardano and Polkadot Recover 25%

-The volatile nature of the cryptocurrency market has been quite evident in the past ten days.

-On May 5, bitcoin stood close to $40,000, with the community anticipating another price jump.

-BTC firstly dumped by $4,000 in hours before sliding below $34,000 just a few days later.

-After marking this multi-week low, bitcoin kept losing value and found itself dipping below $30,000 for the first time since last July on May 10.

-Despite bouncing off initially, the predominantly bearish market sentiment brought the cryptocurrency south again.

-At that point, though, the bulls reminded of their presence. They intercepted the move and drove BTC upwards.

-In fact, bitcoin soared by around $6,000 to an intraday high of $31,000 charted a few hours ago.

-As of now, BTC has retraced slightly but still stands above the coveted $30,000 mark.

-The alternative coins suffered even more during this correction, but the market has turned green today.