Bitcoin price recovers toward $78K as LIT leads altcoin gains: Market watch

Bitcoin has climbed back toward $78,000 on November 1, while Lighter (LIT) has gained around 18% and several smaller cryptocurrencies have recorded double-digit moves despite relatively quiet trading among major altcoins.

According to CoinGecko, Bitcoin traded near $78,000 at the time writing, gaining about 1% over 24 hours. Its price moved between $77,303 and $78,134 during the period, putting the $78,000 level back within reach following last week’s losses.

The total cryptocurrency market capitalization stood near $2.68 trillion, up 0.7%, with Bitcoin accounting for roughly 58.4% of the market.