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Crypto traders eye ATOM, APE, CHZ and QNT as Bitcoin flashes bottom signs

Published 09/11/2022, 03:52 PM
Updated 09/11/2022, 05:40 PM
Crypto traders eye ATOM, APE, CHZ and QNT as Bitcoin flashes bottom signs

The United States equities markets rallied sharply last week, ending a three-week losing streak. The S&P 500 rose 3.65% last week while the Nasdaq Composite soared 4.14%. Continuing its close correlation with the U.S. equities markets, Bitcoin (BTC) also made a strong comeback and is trying to end the week with gains of more than 7%.

The sharp rally in the stock markets and cryptocurrency markets are showing signs of a bottoming formation but it may be too early to predict the start of a new bull move. The equities markets may remain on the edge before the release of the U.S. inflation data on Sept. 13 and the Federal Reserve meeting on Sept. 20-21.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ATOM/USDT daily chart. Source: TradingView
ATOM/USDT 4-hour chart. Source: TradingView
APE/USDT daily chart. Source: TradingView
APE/USDT 4-hour chart. Source: TradingView
CHZ/USDT daily chart. Source: TradingView
CHZ/USDT 4-hour chart. Source: TradingView
QNT/USDT daily chart. Source: TradingView
QNT/USDT 4-hour chart. Source: TradingView

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