Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $4...

Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $4...

Friday's sell-off made exchanges shed excess BTC even faster than before, data shows. Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle.The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 level.Buckle....


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