Bitcoin trades under the $85,000 mark, holding on to nearly 3% gains on Tuesday ahead of Donald Trump’s Liberation Day. Crypto traders remain fearful, the sentiment reads 34 on a scale of 0 to 100 on the Fear & Greed Index.
The cryptocurrency sector has added $54 billion in the last 24 hours as buyers stepped in across global financial markets to halt the sell-off on Monday. At press time, standout catalysts for the rebound include recent Bitcoin (BTC) purchase announcements from several US-based firms and the Congress stablecoin legislation review starting on Wednesday.
Dogecoin (DOGE) trades at $0.1731 during early American hours on Tuesday after recovering from Monday’s support at $0.16. The leading meme coin faced negative headwinds early in the week as investors reacted to comments by Tesla CEO Elon Musk, who heads the special Department of Government Efficiency (D.O.G.E.) in the US.
