After $10B Drop, Crypto Market Slightly Recovers: Why a Trader Expected Today’s Bounce2.8

Following yesterday’s widespread crypto market plunge, most major cryptocurrencies have bounced slightly today, but they are still down significantly from where they were a week ago. The market’s recent volatility has led Tether, the largest stable coin by market cap, to briefly overtake EOS to be the fourth most valuable cryptocurrency by market capitalization.

Today’s bounce in the markets was not unexpected, and many analysts had previously speculated that they were oversold.

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