Bitcoin Stabilizes as Altcoins Underperform

“Bitcoin’s recovery is a long shot as investors are more keen on the price being stabilized for now,” Alex Axelrod, founder and CEO of Aximetria, a crypto financial services firm, wrote in an email to CoinDesk. Axelrod is monitoring BTC price levels of between $32,000 and $40,000 for confirmation of a breakdown or breakout.

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