Early Tuesday saw crypto markets steady after Monday’s sharp decline. Bitcoin rose ~3% to reclaim $87K, while related equities like $MSTR, $HOOD, and $CRCL also rebounded.
Key Details:
· $BTC: Up ~3%, trading above $87,000.
· $ETH: Underperforming, up just 1.4%.
· Altcoins: $BNB, $XRP, $SUI showed strength, gaining 3-6%.
· Equities: Crypto-linked stocks recovered, with $CRCL surging 9%.
· 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:
· Some warn the bounce may be fragile, with $BTC potentially testing below $80K support.
· Long liquidations hit $750M** over two days, including **$250M in BTC futures.
· One perspective: “Without a positive macro catalyst, BTC remains exposed to a deeper flush.”
· Counter view: Economic tension highlights BTC’s store-of-value appeal for “smart money.”
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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