#marketrebounds
The crypto market is showing signs of a rebound, with Bitcoin (BTC) leading the charge. After a decline of 26.3% from its record high of $110,000, BTC has surged 5.48% in the last 24 hours, reaching $81,946.75 ¹. This rebound is also reflected in the overall crypto market cap, which has increased by 1.84% to $2.64 trillion ¹.
Other major cryptocurrencies like Ethereum (ETH) and XRP are also experiencing gains, although at a slower pace ¹. This rebound is attributed to various factors, including the easing of whale selling pressure on Binance and the break above the 100-day exponential moving average (DEMA) of the M2 money supply, a key liquidity measure ².
Despite this rebound, analysts remain cautious about the short-term outlook for the crypto market. Fears of a US recession, Trump's tariff war, and the Federal Reserve's pause on interest rate cuts continue to weigh on the market ³ ². However, some experts believe that the current decline in whale activity on exchanges could indicate a cooling-off period rather than a panic-driven sell-off ².
*Key Takeaways:*
Bitcoin's Rebound:_ BTC has surged 5.48% in the last 24 hours, reaching $81,946.75 ¹.
Easing Whale Selling Pressure:_ Binance whale selling pressure has eased, suggesting a potential price stabilization or rebound ².
M2 Money Supply Breakout:_ The M2 money supply has broken above its 100-day exponential moving average (DEMA), a key liquidity measure ².
Cautious Outlook:_ Analysts remain cautious about the short-term outlook for the crypto market due to various economic and geopolitical factors
