Bitcoin price extended its decline below the USD 50,000 support level. BTC even declined below the USD 47,500 support level and tested USD 45,000. However, the price rebounded sharply, jumping to almost USD 49,000 (12:58 PM UTC) and trimming its daily losses to 8%.
Similarly, there was a strong drop in most major altcoins, followed by a rebound. ETH is still down almost 14% as it even spiked below
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