Bitcoin (BTC) Jumps Above $56K, Solana (SOL) Leads Recovery From Monday’s Rout

“Overall, the recent drop in Bitcoin’s price is not significantly worse than the decline in the Nikkei index, indicating that the current sentiment is driven by external factors rather than issues within the crypto market itself,” Ruslan said. “It is unclear if we are entering a bearish market, and much will depend on the performance of the equity markets this month.”

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