XRP, Dogecoin and Bitcoin All Recovered; Crypto CE
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The crypto market has moved from panic to stabilisation over the past week, with Bitcoin successfully defending a critical support level and recovering ground as selling pressure eased, according to Avinash Shekhar, Co-founder and CEO of Pi42.
Bitcoin’s Recovery Reveals Structural Strength
Shekhar told Coinpedia that Bitcoin’s defence of the $58,000 zone and subsequent recovery above $62,000 was not coincidental. It reflected the depth of long-term demand that continues to emerge during periods of weakness.
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