Key Takeaways
- Bitcoin rebounds to $60K after early week drop.
- Ether sees recovery after ETF inflows end losing streak.
- Polymarket bettors lose $270K on Pavel Durov’s unexpected release.
Bitcoin has regained the $60,000 mark after a significant dip earlier this week, signaling a possible halt to its downward trend, according to CoinDesk.
Bitcoin was trading at around $60,350 during the European morning, which is still nearly 6% below its $64,000 level at the beginning of the week.
Additionally, Telegram CEO Pavel Durov’s release on bail after a brief detention in France led to Polymarket bettors losing $270,000.
Bettors had expected a longer detention, with odds heavily favoring no release before October.
Lastly, Nvidia’s shares dropped over 7% in after-hours trading, even though the chipmaker beat earnings estimates.
Bitcoin has shown a strong positive correlation to Nvidia’s stock since 2022, making it a key asset for crypto traders to monitor, according to CoinDesk.
