Bitcoin's recent rally paused during the Monday U.S. session, with the cryptocurrency trading just above $111,000, marking a nearly 2% increase over 24 hours. Meanwhile, XRP and Zcash outperformed, leading the gains in the crypto market.
Arca, a digital asset investment firm, disputed claims that the recent market bounce is a dead-cat bounce. The firm highlighted rising exchange volumes, recovering open interest, and easing macroeconomic pressures as indicators of a structural reset in the market rather than a temporary rebound.
Bitcoin Rally Pauses as XRP and Zcash Outperform; Arca Challenges Dead-Cat Bounce View
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.