Crypto Markets Rebound as Traders Signal Seller Fatigue
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Cryptocurrency enthusiasts witnessed a notable market rebound over the weekend as Bitcoin $86,660 and major altcoins surged. Influenced by shifts in trading dynamics, the increase followed a week marked by significant volatility. Market analysts identified the role of an oversold Relative Strength Index (RSI) and a substantial volume of liquidations, pointing to a possible shift in trader sentiment. Thin liquidity typical of weekend markets added to the conditions that facilitated this bounce. Investors watched closely as price movements unfolded amidst these factors.
What Prompted the Sudden Crypto Bounce?
A combination of…
