The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a rebound after the collapse.

Sentiment in the crypto market has shifted from dread to fear at 34. This indicator was higher than current almost three weeks ago, indicating that now is a good time to buy.

Bitcoin still has a long way to go before it beats its January all-time high of nearly $109,000, though. It's down by nearly 24% since setting that latest milestone

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