Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Briefly

Bitcoin dropped to $49,000 but recovered to $55,000, down 10% in 24 hours. Ether also bounced back but remains 13% lower. Nasdaq cut losses from 6% to 3.6%.
BTC's 30% decline from $70,000 was steepest this cycle. Drawdowns are typical in bull markets. Analysts expect a quick recovery as panic selling subsides.
Read at Coindesk
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