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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.

Bitcoin price on Aug 8 (CoinDesk)
Bitcoin price on Aug 8 (CoinDesk)