Bitcoin and crypto markets experienced a robust recovery Tuesday, with Bitcoin surging past the $56,000 mark and Ethereum breaking above $2,500, bouncing back from the “Block Monday.” Yesterday, Bitcoin plummeted over 15%, touching lows near $49,000, while Ethereum dropped by more than 20% to a low of $2,115. The recovery in Bitcoin and crypto paralleled a broader resurgence in global financial markets, driven by several key factors. #1 Nikkei Rebounds, Bitcoin Follows Japan’s primary stock index, the Nikkei 225, experienced a record-breaking recovery following its most significant drop since the 1987 Black Monday crash. The index surged by 10.23%, closing at 34.675,46 points. This rebound came after a sharp 12.4% decline on Monday, spurred by global market instability and looming recession fears in the US, alongside complications arising from the unwinding of the Yen ‘carry trade.’ Related Reading: Bitcoin Price Crashes To $49,000: Key Reasons Explained Popular crypto analyst JACKIS (@i_am_jackis) remarked via X: “I think that crypto right now is reacting to macro conditions but nothing specific IMO is happening to crypto itself. Here is BTC & Nikkei in comparison. When macro conditions settle Bitcoin / cr ..
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