Bitcoin rebounds above $84K after the crash, but one signal still looks wrong
Market / Price
Bitcoin recovered above $84,000 on Monday, rebounding from a sharp correction that briefly pushed its price below $81,000 last week. Ethereum and XRP also regained ground, reclaiming $2,500 and $1.40. The recovery lifted the three major cryptocurrencies, although Bitcoin's momentum indicators suggest the rebound has yet to develop into a decisive breakout. However, substantial withdrawals from US spot Bitcoin exchange-traded funds and elevated Treasury yields continued to temper optimism. Analysts said Bitcoin's ability to hold $82,000 would be important in limiting the risk of another decline. Crypto rallies following Russian Diesel agreement The rally comes after President Donald Trump's Friday announcement of an agreement for Russia to supply 300,000 metric tons of diesel fuel to domestic and international markets.
BTC
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