Bitcoin Rebounds After Brutal Sell-Off Amid Japan Sell-Off

Bitcoin (BTC) attempted to stabilize at the Wall Street open on August 5 as the crypto markets recovered from a significant sell-off. Data from Cointelegraph Markets Pro and TradingView showed a $4,000 rebound in BTC’s price after the U.S. trading session began, bringing it near $55,000. This recovery followed a dip below $50,000, the first time since February, causing concern among traders who feared further declines as traditional financial markets reopened. Risk assets experienced relatively mild losses, with the S&P 500 down 3% and the Nasdaq Composite Index 3.7% lower at the time of writing. U.S. markets thus avoided the