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TipRanks 2022-05-19 18:50:45

This Week in Crypto: Market Shows Revival Signs

While most tokens have gained some value in the past seven sessions, investor sentiment still lingers around the "extreme fear" territory, indicating that the ongoing bearish phase is far from over. Bitcoin Stabilizes Near $30,000 After plunging to lows of $25,000 over the past couple of weeks, Bitcoin (BTC) is stabilizing near the crucial support level of $30,000. Over the past seven sessions, the leading crypto by market capitalization has registered around 5.2% gains. Earlier this week, BTC jumped above the $31,000 mark for a brief period before falling below the $29,000 mark within hours, primarily due to a substantial correction in U.S. equity markets. U.S.

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