Bitcoin added 5.6% in the past 24 hours to rise over $30,000 during Asian trading hours on Monday in a brief show of strength amid a record losing streak, data shows. By shauryamalwa
Bitcoin is showing signs of bottoming out despite nine weeks of losses.
“U.S. markets saw a modest revival last week with stocks rising across the board,” Simon Peters, market analyst at eToro, said in an email. “Although crypto didn’t see quite the same revival, prices have now been holding steady in major cryptos such as bitcoin, suggesting a ‘calm’ of sorts before any fresh commitment to the market is made by large players.
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