The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process.
Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level.
Are the Bitcoin Bulls Regrouping?
As CryptoPotato reported yesterday, Bitcoin’s price experienced a sudden correction, dropping below $61K and losing around 3.5% in a single day.
This seemingly had to do with a statement from a representative of the US Federal Reserve, who said that it may be too early to think about rate cuts.
The market has calmed down since then, and it seems that the worst is behind us.
Source: CoinGeckoThe bulls even attempted a recovery, but it was quickly halted at around $61.4K
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