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Bitcoin has a long way to go despite a slight rebound... recovers to the $89,000 range
Source: DigitalToday Original Title: Bitcoin’s Recovery Still Has a Long Way to Go… Slight Rebound to $89,000 Level Original Link:
The cryptocurrency market, which saw a sharp decline the previous day, has entered a brief pause with a slight rebound. As of 6 AM local time on the 7th, based on Coin360, Bitcoin (BTC) rose +0.44% from the previous day to $89,861, regaining the $89,000 level. Bitcoin’s market dominance stands at 58.40%.
Ethereum (ETH) climbed +0.52% to $3,047, and Binance Coin (BNB) jumped +1.85% to $897, showing a significant rebound. Ripple (XRP) rose +0.36%, and Solana (SOL) was up +0.28%, both posting modest gains.
Among other altcoins, Dogecoin (DOGE) rebounded +1.23%, while WethStaked (WBETH), LEO (LEO), OKB, and others also showed overall strength. However, some tokens continued to display weakness, resulting in mixed market reactions.
This slight rebound is seen as a technical recovery following the previous day’s correction and, given the rapid bounce-back after the decline, has raised short-term expectations for stability. However, due to high volatility, investors are advised to approach with caution.