Ethereum

Crash

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-lead-market-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Lead Market Recovery</a><br></p>
<p style="text-align: justify">The cryptocurrency market, spearheaded by <a href="https://en.bitcoinhaber.net/market-expert-forecasts-bitcoin-price-climb-stresses-on-strategic-accumulation" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and Ethereum (ETH), has displayed a significant rebound following Monday’s crash. Over the past 24 hours, Bitcoin’s daily average trading volume surged by more than 90%, reaching close to $93 billion. This boost pushed the total value of the cryptocurrency market up by over 4%, hitting around $2 trillion early today.</p>
<h2 id="factors-behind-the-crypto-market-recovery">Factors Behind the Crypto Market Recovery</h2>
<p style="text-align: justify">Asian markets bounced back on Tuesday, with notable gains in the Nikkei 225 and Asia Dow, after suffering their worst single-day losses in decades on Monday. Similar recoveries are anticipated in European and US markets, which also experienced substantial declines. This resurgence in Asian markets has positively impacted the cryptocurrency sector.</p>
<p style="text-align: justify">Following massive liquidations over the past 48 hours, the cryptocurrency market showed increased concern about potential capitulation in the coming weeks. The crypto fear and greed index began indicating heightened fear for Bitcoin and other cryptocurrencies. However, on-chain data suggests that <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">long-term investors</a> view the recent market downturn as a buying opportunity. For instance, spot Ethereum ETFs in the US saw a net cash inflow of about $49 million on the crash day.</p>
<h2 id="will-the-crypto-market-crash-recur">Will the Crypto Market Crash Recur?</h2>
<p style="text-align: justify">From a technical standpoint, the cryptocurrency market experienced one of its harshest days with Monday’s sell-offs. Although August and September are typically bearish months for cryptocurrencies, another crash of this magnitude is less likely, pointing towards an inevitable recovery in the fourth quarter.</p>
<h2 id="key-observations">Key Observations</h2>
<p style="text-align: justify">Key observations from the recent market developments include:</p>
<ul>
 <li>Asian market recovery has significantly influenced the cryptocurrency market rebound.</li>
 <li>Long-term investors are capitalizing on the recent market crash, viewing it as a buying opportunity.</li>
 <li>The increase in global liquidity, particularly from China, Japan, and the US, is benefiting the crypto market.</li>
</ul>
<p style="text-align: justify">Thus far, the cryptocurrency market has shown a swift recovery from the recent crash, buoyed by rising global liquidity and long-term investors seizing opportunities. This positive trend is anticipated to continue, fostering hopes for a more stable and resilient market <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-lead-market-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Lead Market Recovery</a></h5>

Bitcoin and Ethereum Lead Market Recovery

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