Breaking Bitcoin’s Crash and Succeeding in Upside Reversal

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Current major cryptocurrency market conditions at this time – Take a look at CoinMarketCap

Bitcoin broke the downtrend and succeeded in a reversal.

As of 2 pm on the 9th (Korean time), Bitcoin is at $32,901, up 0.13% from 24 hours ago on CoinMarketCap, a global market relay site.

The day before, Bitcoin plummeted due to tightening crackdowns in China, the Fed’s move to reduce liquidity, and news that the FBI had recovered Bitcoin from hackers.

However, after one day, it broke the sharp decline and succeeded in reversing the uptrend.

Bitcoin as well as other cryptocurrencies have significantly reduced their declines. Ethereum, the second-largest by market cap, is down 2.31% to $2441. A few hours ago, Ethereum was down more than 4%.

Cardano (Ada) is down 1.52% and Dogecoin is down only 1.32%.

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