What BlockFi bankruptcy? Bitcoin recovers from $16,000 dip as Asia stocks bounce back.
“Makes sense after this bounce, as we've created a HL on Bitcoin and aiming at resistance again,” Michaël van de Poppe, founder and CEO of trading firm Eight,“Taking out the range between $16.5-16.8K would trigger continuation towards $18K.”China woes cool ahead of Fed Powell speech
China meanwhile formed the main macro focus on the day, with anti-lockdown protests’ impact on market sentiment nonetheless seeming to ease.Asian markets bounced back strongly, with Hong Kong’s Hang Seng up 5.2% at the time of writing and the Shanghai Composite Index gaining 2.3%.
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