The original cryptocurrency was little changed at around $88,000 on Tuesday, well above last week’s slump that consigned it to a seven-month low, triggering massive liquidations and erasing more than $1 trillion in value from the broader digital-asset market.
The mood among traders remains cautious, highlighting the market’s fragile state. Bitcoin remains on track for its worst month since 2022, and exchange-traded funds investing in the token look likely to record their heaviest monthly outflows since launching. But after Bitcoin’s modest rebound, some see cause for optimism.
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