Internet Computer, Filecoin rebound in a bear market
Internet Computer (ICP) and Filecoin (FIL) are the only Top 100 altcoins trading in the green, by press time on Tuesday, as the broader cryptocurrency market shifts bearish. Bitcoin (BTC) crosses below $92,000, resulting in a broader market liquidation of over $800 million in the last 24 hours.
Still, the technical outlook for ICP and FIL remains relatively optimistic as overhead supply pressure wanes.
Crypto market bleeds as Bitcoin drops below $92,000
The broader cryptocurrency market experienced a massive liquidation of $808 million over the last 24 hours, comprising $531 million in long liquidations and $277 million in short liquidations. Bitcoin’s pullback triggers the sudden wipeout of largely bullish-aligned positions,…
