Bitcoin claws back from monthly low as altcoins outperform: Crypto Markets Today
Bitcoin recovered after falling to $86,000, its lowest point in more than a month, on Sunday.
The rebound took place alongside the opening of bitcoin futures trading on the CME at 23:00 UTC. The largest cryptocurrency rose more than 2% in the subsequent nine hours before losing strength at $88,250.
Zooming out, bitcoin remains in a grueling downtrend characterized by a series of lower highs and lower lows that started in October to create the etchings of an early bear-market reversal.
Sunday’s selloff was spurred by continued risk-off sentiment from investors after a volatile week that saw U.S. President Donald Trump give several speeches in Davos related to Greenland, tariffs and geopolitical conflicts around the…
