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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-significant-recovery-after-market-crash/" data-wpel-link="internal">Bitcoin and Altcoins Show Significant Recovery After Market Crash</a> 
The <a href="https://en.coin-turk.com/expects-an-increase-of-at-least-4x-famous-fund-manager-speaks-clearly-for-cryptocurrencies/" data-wpel-link="internal">cryptocurrency market</a>, led by Bitcoin (BTC) and Ethereum (ETH), showed a notable recovery after Monday’s crash. In the last 24 hours, Bitcoin’s daily average trading volume increased by more than 90%, reaching approximately $93 billion. Consequently, the total value of the cryptocurrency market rose by more than 4%, reaching around $2 trillion early today. 
<h2 style="text-align: justify" id="strong-main-reasons-for-the-rebound-of-bitcoin-and-altcoins-strong">Main Reasons for the Rebound of Bitcoin and Altcoins</h2> 
Asian markets recovered on Tuesday, led by Nikkei 225 and Asia Dow, after experiencing the worst single-day performance in decades on Monday. A similar wave of recovery is expected in European and US markets, which also saw significant losses on Monday. As a result, the recovery in Asian markets brought a rise to the cryptocurrency market. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377239" src="https://coin-turk.com/wp-content/uploads/2024/08/Bitcoin-altcoin-kripto-para-piyasasi.png" alt="" width="1550" height="712"> 
After heavy liquidations in the last 48 hours, the cryptocurrency market showed more fear of capitulation in the coming weeks. The crypto fear and greed index also started signaling more fear for Bitcoin and the rest of the cryptocurrency market. However, on-chain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> indicates that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">long-term investors</a> see the recent market crash as a buying opportunity. For example, spot Ethereum ETFs in the US recorded a net cash inflow of approximately $49 million on the day the market crashed. 
The cryptocurrency market began to significantly benefit from the increasing global liquidity outlook, led by China, Japan, and the US. The US national debt exceeded $35 trillion for the first time in history. Starting tomorrow, the US Fed will begin monthly treasury buybacks of $30 billion, injecting liquidity into the market. 
<h2 style="text-align: justify" id="strong-is-the-cryptocurrency-market-crash-over-strong">Is the Cryptocurrency Market Crash Over?</h2> 
From a technical perspective, the cryptocurrency market experienced one of its worst days with yesterday’s sell-offs. Although August and September are generally considered bearish periods for the cryptocurrency market, an event similar to yesterday’s is less likely to occur, indicating an inevitable recovery in the fourth quarter. 
So far, the cryptocurrency market has managed to recover quickly from the crash, benefiting from the increase in global liquidity and long-term investors seizing opportunities. This positive trend is expected to continue, and investors hope to see a more stable and robust market in the coming periods. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-significant-recovery-after-market-crash/" data-wpel-link="internal">Bitcoin and Altcoins Show Significant Recovery After Market Crash</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-significant-recovery-after-market-crash/" data-wpel-link="internal">Bitcoin and Altcoins Show Significant Recovery After Market Crash</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin and Altcoins Show Significant Recovery After Market Crash

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