✨The second week of February has been quite eventful in the cryptocurrency markets. Although the market is showing signs of recovery after the sharp sell-offs at the end of January and the beginning of February, it is still experiencing volatility.
✨Bitcoin and General Market Situation
Bitcoin (BTC), after falling to levels around $60,000 in last week's dramatic drop, has recovered and is currently trading in the $69,000-$70,000 range. Although it is still in negative territory on a weekly basis, many analysts state that "most of the bad news has already been priced in" and that the correctio