Bitcoin zoomed above $56,000 with a 6% increase, triggering a broader market recovery. Japan's Topix jumped 10% amidst a weaker yen. Institutional investors sold spot ETFs as hopes for faster Fed rate cuts emerged.
Ruslan from YouHodler foresees a limited rebound in Bitcoin due to market pessimism. The recent price drop isn't worse than Nikkei's decline, hinting at external influences. Uncertainty looms about entering a bearish market, dependent on equity performance.
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