Crypto rebounds fast, mirroring 2016 post-halving bull market

Yesterday was as wild as many expected, but the crypto market nearly gave traders whiplash with how quickly it rebounded. So, in today’s episode, we go through one of the busiest 24 hours for the finance world and how it affected crypto, from rumors and accusations to cold, hard stats and analysis. It is a mixed bag of news today, and you’ll be pleased to know there are far more positives than in yesterday’s episode!

Further reading:

• Bitcoin falls to ‘extreme fear’ on Aug. 5 as $168M exits ETFs
• Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report
• Bitcoin decline is similar to the start of the 2016 bull run — Peter Brandt
• Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
• Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K
• Justin Sun denies liquidation rumors amid market turmoil
• Robinhood suspends 24-hour trades for 8 hours

So, grab yourself a coffee, and let’s get into it!

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

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