Bitcoin and ether rebounded on Tuesday after sharp declines caused by global market volatility. Bitcoin recovered to over $56,000, while ether surged 4.6 per cent to surpass $2,500. This partial recovery follows a severe drop on Monday, with bitcoin falling below $50,000 and ether experiencing its biggest decline since 2021. The selloff marked the first significant stress test for digital assets since the launch of bitcoin and ether exchange-traded funds in the US earlier this year. Despite substantial outflows from bitcoin ETFs and a large liquidation of crypto positions, investor interest in ether ETFs led to a $49 million net inflow. However, some market participants remain cautious, citing ongoing macroeconomic uncertainties and Middle East tensions as potential risks to sustained recovery. Attribution: Bloomberg
