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Crypto 350

06/17 13:01

Cryptocurrency trading stabilizes as Bitcoin holds

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Cryptocurrency trading stabilizes as Bitcoin holds near $65,500 amid mixed altcoin movesCryptocurrency trading has stabilized after a volatile early-June selloff, with Bitcoin holding near $65,500 and major altcoins posting modest gains as investor sentiment begins to recover. The rebound marks a significant turnaround from lows touched just over a week ago, when Bitcoin plunged to around $59,000 on June 5 and 6, marking its lowest level since October 2024.Bitcoin rebounded more than 11% from its June 5 low near $59,000 to around $66,500 as easing Middle East tensions and continued institutional buying provided support, according to Bitcoin Magazine. The price recovery reflects a shift in market psychology after weeks of heavy selling pressure that had pushed the cryptocurrency down roughly 50% from its peak.The stabilization is evident in market sentiment indicators. The Crypto Fear & Greed Index, which measures investor psychology on a scale from 0 (extreme fear) to 100 (extreme greed), recovered from an all-time low of 5 on June 6 to around 18-20 by mid-June, according to MEXC and Cointribune. The index had plunged to 12 on June 6 before beginning its gradual climb, signaling a transition away from the deepest panic levels
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