What’s Driving Bitcoin (BTC)’s Latest Bounce from Lows?

Key Points

  • After Bitcoin and Ethereum hit fresh annual lows under $18,000 and $900 on Saturday, cryptocurrency market sentiment has stabilized.  

  • Bitcoin has bounced over 18% to the upper $20,000s and Ethereum over 30% to the mid-$1,100s. 

  • FOMO on the dip, retail buying and profit-taking on short positions have all been cited as supporting crypto prices.  

If panic was the mood of the day on Saturday, relief is the dominant feeling in cryptocurrency markets on Monday. After falling to its…

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