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Crypto market attempts to form a double bottom
The crypto market has been gaining since the start of the day on Friday, adding 3.5% during this time to $3.85 trillion, but still 1.3% below the level of a week earlier. The rebound is coming from roughly the same levels as in early September. Once again, altcoins are recovering stronger than BTC. Such outperformance in the early stages of recovery often indicates the future winners of the race, which in this case are altcoins. The sentiment index fell to 28 on Friday but recovered to 50 by Monday. The approach to the extreme fear zone seems to have activated optimists, who began to buy back the drawdown. However, ... (full story)
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