Bitcoin's Rollercoaster: Rebound After Sharp Sell-Off!
The crypto market has shown mixed signals this week, with Bitcoin ($BTC) experiencing significant volatility. After plunging to a recent low around $80,000, the world's largest digital currency has rebounded by approximately 12%, stabilizing near the $90,000 mark amidst uncertainty over U.S. economic signals and interest rate decisions. The steep correction was fueled by broader weak sentiment in riskier assets, worries over an "AI bubble," and a flight from risk, which saw over $1 trillion wiped off the total crypto market capitalization in recent weeks.
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Bitcoin's Rollercoaster: Rebound After Sharp Sell-Off!
The crypto market has shown mixed signals this week, with Bitcoin ($BTC) experiencing significant volatility. After plunging to a recent low around $80,000, the world's largest digital currency has rebounded by approximately 12%, stabilizing near the $90,000 mark amidst uncertainty over U.S. economic signals and interest rate decisions.
The steep correction was fueled by broader weak sentiment in riskier assets, worries over an "AI bubble," and a flight from risk, which saw over $1 trillion wiped off the total crypto market capitalization in recent weeks.