As the crypto market rallies today, beware of a dead-cat bounce
NeutralCryptocurrency

Today, the crypto market is experiencing a rally, with Bitcoin's price rising to $116,000, marking an 8.35% increase from last week's low. This surge is attributed to investors capitalizing on the recent dip and growing optimism regarding U.S.-China trade relations. While this uptick is encouraging, experts caution that it could be a 'dead-cat bounce,' suggesting that the market may not sustain this momentum in the long term. Understanding these dynamics is crucial for investors navigating the volatile crypto landscape.
— Curated by the World Pulse Now AI Editorial System