Rally

Cryptocurrency

2024

Bitcoin

Coin

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 <li><strong>Bitcoin recovered from massive decline by forming a rejection candle.</strong></li> 
 <li><strong>The crypto market recovered alongside Bitcoin.</strong></li> 
 <li><strong>Altcoins look set for a massive rally following technical chart formations.</strong></li> 
</ul> 
<p>Bitcoin recovered from a massive decline yesterday by forming a rejection candle on the daily chart around a crucial level. The flagship crypto reclaimed the $50,000 level after dropping to $49,577, leaving Bitcoin proponents hopeful over a potential bull run.</p> 
<p>Notably, yesterday’s volatility extended beyond Bitcoin, as nearly the entire crypto market crashed alongside the pioneer crypto. Even the total crypto market capitalization took a significant hit, dropping from $2.442 trillion to $1.691 during the market decline. However, like Bitcoin, the total crypto market cap has recovered part of yesterday’s loss.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ALTS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ALTS</a> (OTHERS)<br><br>Perhaps light at the end of the tunnel: <a href="https://t.co/vxFvPjpgVm" target="_blank" rel="nofollow">pic.twitter.com/vxFvPjpgVm</a></p>— Matthew Hyland (@MatthewHyland_) <a href="https://twitter.com/MatthewHyland_/status/1820699873211011331?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 6, 2024</a>
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<p>Cryptocurrency market analyst Matthew Hyland narrowed down to the altcoin market, sharing a screenshot of the total altcoins market cap, excluding the top 10 cryptos. He showed how the market cap respected an existing technic…</p>
<p>The post <a href="https://coinedition.com/bitcoin-stages-a-comeback-sets-up-altcoins-for-potential-rally/">Bitcoin Stages a Comeback, Sets Up Altcoins For Potential Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Stages a Comeback, Sets Up Altcoins For Potential Rally

Coin Edition

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