And while major players like exchange FTX are on solid footing, vulnerable firms could continue to come under pressure. Crypto lender Celsius was forced to file for bankruptcy earlier this month.
"We will see a longer-term rally in the digital assets sector, but I wouldn't get too excited yet," said Joel Kruger, market strategist at LMAX Group. "This is still an emerging market."
Twitter (TWTR) is getting its wish for a speedy resolution as it tries to compel Elon Musk to stick to the terms of their $44 billion takeover agreement.
In an early victory for the company, a judge on Tuesday ruled that the company's lawsuit should go to a five-day trial in October.
Twitter initially requested an expedited four-day trial in September, looking to limit uncertainty for its shareholders and employees and fallout for its business. Musk's legal team opposed the motion.