Bitcoin Rose 7%, But the Crypto Market is Struggling

Bitcoin Rises but Remains at Low Levels

Bitcoin has bounced back by 7% from its worst weekend levels. However, it continues to trade below $80,000 during midday hours in the U.S. markets.

Decline in Crypto-Related Stocks

Many stocks related to crypto, such as Robinhood, Coinbase, and MicroStrategy, have experienced significant losses. This situation indicates that investors' uncertainties regarding cryptocurrencies persist.

Market Recovery Overall

On the other hand, broader U.S. stock indices have regained momentum and are performing better than cryptocurrencies.