The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite, which gained 7.5%. The S&P was up about 6.5% for the week, while the Dow Jones Industrial Average managed a gain of 5.4%.
Continuing its tight correlation with the equities market, the crypto markets are also attempting a relief rally. Bitcoin (BTC) has seen a modest recovery, but some altcoins have risen sharply in the past week. This suggests that investors are taking advantage of the sharp fall in the price to accumulate altcoins at lower levels.
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