Cryptocurrency Market Update: Another Rebound Which May Not Last15.37

There has been another rebound today as markets bounce between two low levels. Yesterday’s decline has reversed as that $7 billion has been funneled back into crypto today to take market capitalization back over $130 billion again.

Bitcoin has pulled back the 7% it lost yesterday to take it back above $4,000 again, but only just. BTC hit that support zone of $3,650 for the third time yesterday and bounced off it again. A short spurt a few hours ago has propelled Bitcoin back towards its resistance level at $4,100 which it has also hit a couple of times.

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