After a bloodbath on Satoshi Street on Monday, August 5, the broader crypto market is staging a good recovery with the Bitcoin price gaining above $55,400 at 8% from yesterday’s low and other ALTs gaining anywhere between 5-10%.
After crashing a massive 13% on Monday, August 5, Japan’s Nikkei 225 Index has bounced back strongly surging more than 10% in the early trading hours on Tuesday. Thanks to the strong recovery in the US futures market building some hope into the gloomy market.
Crypto Market Recovery Revives Hopes
Japanese equity market bounced back strongly on Tuesday, with the top two indices – Nikkei and Topix – gaining 12% each earlier today. The bounceback in the US futures market prevented another freefall in the Japanese market as well as the crypto market. Tomo Kinoshita, a global market strategist at Invesco Asset Management in Tokyo said:
“As Japanese equities rebound, the rest of the Asian markets are likely to rebound together today. As the magnitude of Japa
We współpracy z: https://coingape.com/crypto-market-recovery-steep-correction/
