Bitcoin Rebounds to $61,300 as Sentiment Improves
CryptoNewsTerminal Staff20 Aug, 2024
Bitcoin Rebounds to $61,300 as Sentiment Improves
On-chain crypto analytics platform Santiment recently analyzed that “Bitcoin bounced back to $61,300 today. BTC is now up 19% from the lows reached over the past 5 days and sentiment is showing signs of recovery.” This suggests that the recent market downturn may be coming to an end, and that a period of recovery may be on the horizon. It is important to note that the crypto market is highly volatile, and that any recovery could be short-lived. However, the recent positive developments in sentiment are a good sign for the future of Bitcoin and the broader crypto market.
