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Investors Turn #Bullish as #Cryptocurrency Market adds $12 Billion 24 Hours #Bitcoin price**
Over the past 24 hours, the cryptocurrency market added $12 billion, as major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash experienced a short-term corrective rally.
Breathing Room, But Not Entirely Optimistic
The Bitcoin price rebounded from $6,300 to $6,700, breaking a descending trendline since May 3, when #BTC achieved $10,000. While it is too early to conclude that BTC has entered into a mid-term rally given that it is still likely for BTC to fall below the $6,000 mark in the short-term, the cryptocurrency market has gained a breathing room from the recent major correction that began in early May.
Joseph Young in Bitcoin AnalysisBitcoin Price NewsEthereum NewsNews