Just looked at the charts and Bitcoin has rebounded nicely this morning, returning to $80,800 after the weekend dip. Not a bad recovery. At the same time, oil is dropping back below $100, which heavily influences the overall market sentiment.



It's interesting because when crypto declines are accompanied by macro turbulence like this, the movements become more unpredictable. Oil crashing is a signal that investors are stressing about the global economy. And of course, crypto declining during macro uncertainty is typical.

The thing is, Bitcoin has still shown resilience. Not collapsing like some feared. But clearly, as long as macro data remains fragile, we can't really say that the crypto downturn is over. Something to watch in the coming days.
BTC0.56%
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