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Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.

Updated Aug 8, 2024, 5:39 p.m. Published Aug 8, 2024, 5:33 p.m.
Bitcoin price on Aug 8 (CoinDesk)
Bitcoin price on Aug 8 (CoinDesk)