CoinDesk·3 min read·hard
Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness
O
Oliver Knight
✦AI Summary
Cryptocurrency markets are showing signs of recovery with Bitcoin and Ether rebounding from recent lows, though the market remains split with some altcoins underperforming. Mixed signals from funding rates and volume data suggest uncertainty regarding the sustainability of the current bullish sentiment.
Ether (ETH) staged a similar recovery, trading at $1,760 after bottoming out around $1,550 last week. The two largest cryptocurrencies spiked higher at Sunday's futures open, but have given back around 1% of those gains since midnight UTC.
economycryptobusiness
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