Bitcoin rebounds from $79,700 as NEAR and Zcash jump over 13%
- —BTC dropped to $79,700 before recovering above $81,000, up 1.28% in 24 hours
- —NEAR gained 15.34%, Zcash 13.18%, TIA 27.69% and INJ 30.01%
- —ETH rose 3.90%, SOL 3.85% and XRP 2.32% over the same period
- —BTC closed above its 50-day average with a bullish divergence forming
Why it matters: The bounce off $80,000 averted a deeper correction, but sustainability hinges on US demand.
Source: Newsbit