Bitcoin Regains Perch Above $115,000 as Crypto Markets Rebound
Bitcoin recently rebounded above $115,000 with a 1.3% increase over the last 24 hours, while Ethereum rose by 2.8% to surpass $3,600. Despite Bitcoin ETFs experiencing further outflows totaling $196 million on Tuesday, Ethereum ETFs attracted over $73 million, breaking a streak of outflows. Analysts, including Bitwise's Ryan Rasmussen, view the market fluctuations as normal for bull markets, suggesting that volatility often creates opportunities for strategic long-term investments. This sentiment is echoed in the broader market, where Solana and BNB also gained more than 3%. The overall crypto market showed resilience, regaining ground after experiencing dips attributed to over-leverage among traders following price peaks. Liquidations reached nearly $900 million recently as Bitcoin fell to around $113,000, but as optimism returns, analysts remain confident in the ongoing bull market despite short-term challenges.
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