Quick question for opinions:
Today we are seeing an upward trend in the crypto currency markets, with most coins recovering some of their losses from the last week.
I’m - personally - assuming this is due to the testimonies given to the US senate yesterday, that may have boosted some confidence of investors in the markets. Alternatively, buyers have been waiting for the USD 6,000 benchmark to buy back into Bitcoin, which has pulled up the other coins as well.
I haven’t had time yet to look into transactions, etc. but thought I source some opinions here:
Are we seeing a market recovery or are we seeing a dead cat bounce?