BTC Makes a Much Needed Recovery; Mirror Protocol Faces Another Exploit
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The broader crypto market saw a much-needed recovery wave on Monday. BTC posted the largest daily gain since early March, one day after it had completed a record nine-week losing streak. As of the time of writing, the largest cryptocurrency by market cap rose by roughly 4.5% in the last 24 hours, and is currently trading above the $31K handle. Should a clear move be made above the $32.2K resistance level, it may accelerate BTC's upside momentum. Despite the possibility of BTC moving to correct its recent gains, it will likely remain well-bid above the $30K pivot level with a main support formation near the $30.8K level.