Crypto market shows recovery signs following last week’s bearish scare
- The crypto market showed signs of recovery on Monday with Bitcoin regaining $115,000 and Ethereum posting a 6% gain.
- The bounce comes after BTC’s spot and futures volumes declined last week, indicating traders are exercising caution.
- Dormant coins were also on the move, sparking a pullback in Bitcoin’s NUPL from 11.5% to 8.5%.
The crypto market showed signs of recovery on Monday, spearheaded by Bitcoin (BTC) reclaiming the $115,000 mark and a 6% gain in Ethereum (ETH). A few analysts suggest that a return of inflows into Bitcoin exchange-traded funds (ETFs), alongside favorable macroeconomic conditions, could trigger buy-the-dip interests among investors.
Crypto market sees slight recovery after weekend pullback
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