Early Tuesday saw crypto markets steady after Mondayโs sharp decline. Bitcoin rose ~3% to reclaim $87K, while related equities like $MSTR, $HOOD, and $CRCL also rebounded.
Key Details:
ยท
$BTC : Up ~3%, trading above $87,000.
ยท
$ETH : Underperforming, up just 1.4%.
ยท Altcoins: $BNB, $XRP, $SUI showed strength, gaining 3-6%.
ยท Equities: Crypto-linked stocks recovered, with $CRCL surging 9%.
ยท Macro: U.S. jobs data showed unemployment at a 4-year high (4.6%), but rate cut expectations for January remain low (~24%).
Analyst Views Are Mixed:
ยท Some warn the bounce may be fragile, with
$BTC potentially testing below $80K support.
ยท Long liquidations hit $750M** over two days, including **$250M in BTC futures.
ยท One perspective: โWithout a positive macro catalyst, BTC remains exposed to a deeper flush.โ
ยท Counter view: Economic tension highlights BTCโs store-of-value appeal for โsmart money.โ
The Bottom Line:
Is this a dead cat bounce or the start of a recovery?Traders are watching key support levels and macro signals closely.
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