Market Wrap: Bitcoin Stabilizes as Bearish Sentiment Pauses

Analysts noticed signs of buyer demand around $38,000 in bitcoin, although it remains to be seen if the cryptocurrency can break above its short-term downtrend. For now, bitcoin appears to be „falling out of the window, but latching onto the windowsill,“ Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk.