Bitcoin Rebounds as Stocks Recover from AI Sell-Off
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Bitcoin has reclaimed the $66,000 level, buoyed by a rebound in US equity markets. This recovery follows Monday's sell-off, which was largely driven by profit-taking in AI and technology stocks. The correlation between Bitcoin and traditional risk assets remains evident, suggesting that broader market sentiment continues to influence crypto price action. The key question now is whether this upward momentum can be sustained or if further volatility lies ahead.
Analysts are closely monitoring the $60,000 support level, which has emerged as a critical psychological and technical threshold. A sustained hold above this level could signal renewed bullish confidence, while a breach might indicate deeper market corrections. The interplay between macroeconomic factors, institutional flows, and retail sentiment will likely determine Bitcoin's trajectory in the coming sessions.
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