Following the news, the price of Bitcoin increased by 5%, while the price of other major cryptocurrencies increased by a few points as well.
The increase lifted the total market capitalization of all cryptocurrencies back above $1.5 trillion, halting a price decline that began in mid-April for the time being.
Throughout the collapse, Bitcoin has steadfastly refused to fall below $30,000, with some analysts seeing this as a point of no return and the last proof that it has entered a bear market. Good luck to everyone
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