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Home›Crypto›Market Structure›Bitcoin jumps with sharp rally, swinging odds for trad…

Bitcoin jumps with sharp rally, swinging odds for traders

Decrypt says the move was Bitcoin’s steepest daily gain since March and quickly shifted sentiment that had been skewed bearish earlier.

Reported · Written up by our desk · Market Structure

Bitcoin logged its sharpest rally in about five months, with a steep daily gain that caught traders off guard, according to Decrypt.

The outlet said the sudden price surge flipped market expectations from bearish to a coin-flip dynamic, moving traders’ odds from a 70-30 split to nearly even within a single day.

Decrypt also described the broader impact on a pump-or-dump style market involving Myriad, noting how quickly sentiment changed alongside Bitcoin’s move.

Latest closeBitcoin $69,244.78 ▲7.1%

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Sources

DecryptBitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip

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