Investors are looking forward to Bitcoin's 8% rise in the past 24 hours and Japan's stock market climbing more than 10%, believing that the worst of the market may be over. After experiencing heavy losses, Bitcoin and Ethereum have established new support levels, and the recovery of the US stock market has also made people optimistic about the future trend. In addition, the selling pressure caused by the change in the interest rate of the US dollar against the Japanese yen may be coming to an end, which is expected to drive the market recovery.

Key points

- Japanese stocks rose more than 10% on Tuesday, raising investors' expectations for the bottom of the market.

- Bitcoin rebounded 8% in the past 24 hours, which may indicate that the market has bottomed.

- Bitcoin lost nearly 24% of its value between August 2 and Monday this week.

- The Bank of Japan raised interest rates, which prompted the appreciation of the yen and affected investors' securities holdings.

- The sell-off of risky assets triggered a sharp decline in the market, but the official interest rate policy adjustment may reverse this trend.

- Despite market volatility, the market value of the overall crypto market has recovered to more than $2 trillion.

- Current market sentiment is more focused on economic fundamentals rather than specific cryptocurrency markets.