This rebound came after a sharp 12.4% decline on Monday, spurred by global market instability and looming recession fears in the US, alongside complications arising from the unwinding of the Yen ‘carry trade.’ Related Reading: Bitcoin Price Crashes To $49,000: Key Reasons Explained Popular crypto analyst JACKIS (@i_am_jackis) remarked via X: "I think that crypto right now is reacting to macro conditions but nothing specific IMO is happening to crypto itself.
The recovery in Bitcoin and crypto paralleled a broader resurgence in global financial markets, driven by several key factors.#1 Nikkei Rebounds, Bitcoin Follows Japan’s primary stock index, the Nikkei 225, experienced a record-breaking recovery following its most significant drop since the 1987 Black Monday crash.The index surged by 10.23%, closing at 34.675,46 points.
We are trading leveraged stops.” Related Reading: Analyst Warns Bitcoin (BTC) Price Could Drop Another 20% Ram Ahluwalia, CEO of Lumida Wealth, added: "ISM Services are *up* reversing the signal from the ISM Manufacturing data last Friday.No recession folks.
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