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Bitcoin and other cryptocurrencies experienced mixed performance on Tuesday following a recent selloff. Bitcoin's price fluctuated, dropping to $60,900 before rebounding to $62,000 from a low of $58,500. Altcoins like Solana, ADA, and DOGE saw gains, with SOL rising by 9.2%, ADA by 4.0%, and DOGE by 3.0%. The market is closely watching Bitcoin's movement as it tests the 200-day trendline amidst broader market recovery.
Bitcoin bounces above $61,000, Solana leads cryptocurrencies higher https://t.co/FEpWlafKiV
Bitcoin at 62k now. That was a nice shake out to 58k… https://t.co/RmXd6hcFWZ
#Bitcoin has bounced back to $62,000, recovering from a seven-week low of $58,500. This 6% price rebound comes as $BTC tests the 200-day trendline amid a broader market recovery. https://t.co/ZqrB9du4do