The cryptocurrency markets have recovered over the past 24 hours, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies rebounding after a bloodbath that saw their prices hit lows not seen in months. The crash in the Japanese stock market triggered panic across the traditional and cryptocurrency markets.
Bitcoin (BTC) has been down almost 17% over the past week, while ETH has been down by nearly 25% in the same period, with the latter witnessing its steepest fall since 2021. The selloff in the global equity markets pulled the traditional and cryptocurrency markets to unexpected lows.
Bloodbath In The Crypto Market
Bitcoin (BTC) plunged to multi-month lows on Monday as investors, spooked by a potential recession in the US markets and disappointing economic data, rushed towards safe-haven assets. Bitcoin (BTC) plummeted below $50,000 on Monday, reaching a low of $49,360 before buyers pushed the price higher. This marked the first time BTC fel
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