Bitcoin price experienced a significant recovery from Monday, aligning with the positive movements in the stock market. This upswing occurs ahead of the annual Jackson Hole Symposium, where Federal Reserve Chair Jerome Powell is scheduled to speak.
Not only Bitcoin but also major altcoins such as Ethereum (ETH), Solana (SOL), and Ripple (XRP) have shown signs of recovery. This trend suggests that a new bullish era could be emerging in the broader cryptocurrency landscape.
Investors are keenly watching these developments, anticipating future price movements and potential gains.
