The post Is It a ‘Dead Cat Bounce’? Meanwhile, MoonTaurus’s Presale Phase 1 Ends in a Few Days appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . The crypto market is showing signs of recovery, with Bitcoin up 19% in two days. This surge has left investors wondering if this is a lasting uptrend or just a temporary “dead cat bounce.” Concurrently, MoonTaurus (MNTR) is trending as its presale phase 1 nears its end, with a significant $250,000 already raised from its $300,000 target. Crypto Market is Recovering Rapidly In defiance of the severe crash, the crypto market is in recovery. From $49,000, BTC is on an upward trend to touch $57,000. Other prominent tokens are also in an upward movement. With this last correction, institutional investors pulled out around $530 million from the whole crypto market. Bitcoin was affected by a $400 million correction. Ethereum saw a $146 million outflow. Meme coins were the worst affected by the shakedown. But after 24 hours, we see an upward trend in the crypto market. Like most of the collective fiction people believe in, if more people trust an asset it will grow up. We can see this trustworthiness happening with the crypto market. The most terrible downfall was to Nikkei, Japan’s stock market. The 12% correction was the worst since 1987. However, in an incredible move, Nikkei recovered the losses and went almost 12% up. This single-day jump was a relief to the traders in FUD. MoonTaurus (MNTR): A New Contender As Bitcoin and crypto rebounds, MoonTaurus is capturing investor attention with its ongoing presale. Priced at just $0.005, phase 1 of the presale has already seen 85% of tokens sold, raising $250,000. This rapid uptake indicates strong demand and…

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Filed under: News - @ August 8, 2024 8:12 pm