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Cryptocurrency News

Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip

05/11/2022

Less than a minute

2022.05.11 01:20

The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to $29,730.

Market downturns typically translate to heavier losses in altcoins due to a variety of factors, including thinly traded assets and low liquidity, but this also translates into larger bounces once a recovery ensues.

Source

05/11/2022

Less than a minute