Bitcoin Rebounds Above $61,000 Following Recent Sell-Off
CryptoNewsTerminal Staff13 Aug, 2024
Bitcoin Rebounds Above $61,000 Following Recent Sell-Off
Bitcoin (BTC) has recovered to $61,000, according to data from Cryptonews Terminal market monitoring. On Binance's USDT market, BTC is trading at $61,000. This represents an increase of 3% over the past 24 hours. The rebound comes after a period of selling pressure that saw BTC drop below $58,000 earlier this week. The sell-off was likely due to a combination of factors, including concerns about rising interest rates and regulatory uncertainty. However, the rebound suggests that buyers are still interested in BTC and believe that the recent sell-off was overdone. If BTC can continue to hold above $60,000, it could be poised for a further rally in the coming days.
