The sentiment in the currency circle is still fragile. With the good news of the end of the

# Bitcoin Struggles for Rebound Amid Fragile Sentiment and Sustained Selling Pressure  

By: Ye Huiwen  

Source: Wall Street Insights  

After suffering a sharp drop that erased hundreds of billions of dollars in market value last month, Bitcoin is struggling to stage a rebound. However, fragile market sentiment and sustained selling pressure are making any recovery attempt an arduous task.  

While positive news about the end of the U.S. government shutdown boosted traditional risk assets, the cryptocurrency market failed to see the much-anticipated strong rally—highlighting the lingering anxiety among investors in the wake of huge losses.  

On Monday, the world’s largest cryptocurrency briefly breached the $107,000 mark but quickly pulled back below $105,000. This lackluster price performance stands in stark contrast to the stock and credit markets, which rose on the back of the U.S. government’s reopening, indicating that the internal momentum for crypto assets remains insufficient.  

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