Bitcoin Rebounds: Hope for Market Recovery

Bitcoins price sees relief, hovering around $88,000 after a significant slump, wiping out over $1 trillion from the digital asset market. The cost of purchasing downside protection in Bitcoin options has fallen sharply, indicating reduced stress and potential for a market bounce back. Technical indicators suggest Bitcoin may be oversold, with traders positioning for a potential breakout.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.