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**Investors Finally Relieved, Bitcoin Rebounds After a Week of Slump**
The price of Bitcoin was pressured down to touch the level of US$89,000 after a massive sell-off in the crypto market. However, the situation began to change today, Sunday (22/12). Where Bitcoin successfully rebounded and is now trading around US$90,000, marking a recovery.
The catalyst for the increase in Bitcoin occurred after the Federal Reserve's adjustment of interest rates (the Fed) and the tightening of policies by the Bank of Japan (BoJ). Although the US policy being stricter temporarily pressured risky assets, Bitcoin benefited from the unwinding of yen carry-trades and thinning liquidity during the holidays, which reinforced its movement.
Then, CryptoQuant shows that exchange balances have reached a five-year low, while wallets holding more than 1,000 Bitcoins have added 218,570 Bitcoins since March.