# Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring > Source: > Published: 2026-06-15 15:21:32+00:00 # Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring The market capitalization of the crypto industry has jumped around $83.2 billion in the last 24 hours, with privacy-focused token [Zcash](https://robinhood.com/us/en/crypto/ZEC/?source=sherwood) and [worldcoin](https://www.coingecko.com/en/coins/worldcoin), the native [cryptocurrency of the network backed by OpenAI CEO Sam Altman](https://sherwood.news/crypto/sam-altman-wants-to-scan-your-eyeballs-in-exchange-for-crypto-and-then-make/), leading market gains, jumping over 22%. But the last 24 hours have been good across the board: [Ethereum](https://robinhood.com/us/en/crypto/ETH/?source=sherwood)has increased more than 9% to trade above $1,800, amid[BitMine Immersion Technologies](https://robinhood.com/us/en/stocks/BMNR/?source=sherwood)[acquiring](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-62-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-4-billion-302799963.html)$139.2 million worth of ethereum.[XRP](https://robinhood.com/us/en/crypto/XRP/?source=sherwood)and[solana](https://robinhood.com/us/en/crypto/SOL/?source=sherwood)have rebounded from[multiyear lows](https://sherwood.news/crypto/sentiment-for-crypto-is-firmly-in-the-gutter-as-sector-sinks-with-tokens-hitting-multiyear-lows/), each rising roughly 10%.[HYPE](https://robinhood.com/us/en/crypto/HYPE/?source=sherwood)has bounced up 12%.Dog-based memecoins [dogecoin](https://robinhood.com/us/en/crypto/DOGE/?source=sherwood)and[shiba inu](https://robinhood.com/us/en/crypto/SHIB/?source=sherwood)have chased gains of more than 4%. “Investors have been eager to see some positive signs around the Iranian conflict ending, coupled with hopeful outlooks around the [CLARITY act](https://sherwood.news/crypto/clarity-act-could-help-reshape-bitcoins-narrative-for-second-half-of-2026/), both breathing some life into assets,” Kairos Research cofounder Ian Unsworth told Sherwood News. Simon Shockey, a crypto strategist at crypto wallet infrastructure firm Privy, said the upswing stems from several things converging. He pointed to how alt markets broadly were “very oversold” following the [bug found in Zcash](https://sherwood.news/crypto/zcash-nosedives-after-counterfeit-vulnerability-revealed/) that shook confidence. Friday, Zcash founder Zooko Wilcox [said](https://x.com/zooko/status/2065541979979784341?s=20) Anthropic didn’t find any more serious bugs with the Zcash protocol after Shielded Labs requested the AI firm run a security audit of the network with [Mythos](https://sherwood.news/tech/anthropics-mythos-gets-tired-hates-bad-users-and-wants-to-be-thanked/). Shockey added that the pool of willing sellers has dwindled. “Even if structurally, AI is a much more compelling and asymmetric bet in the eyes of allocators, many of these crypto assets have simply run out of marginal sellers despite some shorter-term narrative-driven pumps. The only people left to sell at this point are the teams themselves and VCs.” “Net-net: oversold conditions plus exhausted seller bases plus a macro backdrop that’s stabilized equals a snapback, especially in names that have real usage or community conviction behind them,” Shockey told Sherwood.