The sharp correction that threatened to pull and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. Global markets felt reassured and saw major equities, Bitcoin, and altcoins prices rebound at the open.

After a swift drop below $40,000 on Sept.21, BTC now trades above $43,300 and Ether (ETH) has reclaimed the $3,000 level. Altcoins are also seeing a significant recovery. Some have posted up to 15% gains as of the writing.