Bitcoin Maintains $42K Amid the China FUD: Cardano the Only Top 10 in Green | bitcoin crypto news
0Bitcoin has managed to recover around $2,000 since yesterday’s low after China reminded once again about its hostile stance against crypto.
Yesterday the crypto markets went through another bloodbath initiated once again by China. Bitcoin dumped by $4,000 in minutes but has managed to complete a partial recovery as of now. Most altcoins suffered even more, and some have failed to bounce off decisively, including ETH, which still stands below $3,000.
Bitcoin’s Recovery Attempt
The past few days were actually going well for the primary cryptocurrency. It had recovered from the sub-$40,000 price drop and added several thousand dollars of value.
This culminated in yesterday’s retest of $45,000, which became a multi-day high. At this point, though, when the bulls were preparing for another price surge, China’s central bank decided to remind the world of its hostile policy against the cryptocurrency industry.
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source : https://cryptopotato.com/bitcoin-maintains-42k-amid-the-china-fud-cardano-the-only-top-10-in-green-weekend-watch/
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