Is crypto market rebounding or is this some cat bounce?

in #bitcoin • 7 years ago

It has been blood bathed times for cryptocurrencies and it traders in the 3-4weeks now with last weeks been more disastrous and daunting due to August 1st bitcoin segwit activation.

Top 48 coins on coinmarketcap are recovering strong using the 24hrs market trade volume, in total, the value of all publicly traded crypto assets edged over $70bn today, up nearly $10bn from a low of $61bn observed yesterday. Right now, all of the top 10 cryptocurrencies are in the green, with IOTA, ether and stratis posting the biggest gains.

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Is this a market rebound or some sort of cat bounce

#steemit #africa
7 years ago in #bitcoin by
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     7 years ago 

    I feel like we will still see the market move down a bit more while segwit2x approacheth.

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       7 years ago 

      I think so too, we're stil in the denial stage right now. Market will go down lower than now and blast up and set a new all time high after segwit activation

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