Crypto News

Here's a breakdown of what's been happening in the world of Bitcoin and what to watch out for in the coming days. BTC Rebounds After Sell-Offs Bitcoin experienced a sharp sell-off on Monday, dropping from a high of $66,000 to a low of $60,000 in a matter of hours. This was in response to news of a potential crackdown on the cryptocurrency market by the US Treasury Department. However, Bitcoin quickly rebounded and is now back above the $63,000 mark. This bounce back has been attributed to strong buying support from institutional investors and a general bullish sentiment in the market. Market Indicators Show Potential Retest of $69,000 Support Despite the rebound, market indicators are still pointing towards a potential retest of the $69,000 support level for Bitcoin. The cryptocurrency has been trading in a narrowing range over the past few weeks, and analysts believe that a break above or below this range will determine the next major move for Bitcoin. Traders are advis...