Home BlockchainUS Consumer Data Sparks Relief Rally in Bitcoin, Gold, and Stocks

US Consumer Data Sparks Relief Rally in Bitcoin, Gold, and Stocks

by BeInCrypto
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US Consumer Data Sparks Relief Rally in Bitcoin, Gold, and Stocks

Global markets staged a broad rebound on February 6 after a sharp sell-off the previous day pushed stocks, crypto, and commodities into deeply oversold territory. Bitcoin recovered to around $70,000, while US equities, gold, and silver also advanced, driven by technical buying and easing near-term macro fears.

The recovery followed a violent deleveraging phase rather than a shift in fundamentals.

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Technical Levels Sparked The Initial Bounce

The rebound began after key technical…

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