# Crypto Bouncing Back? *Author: Bankless* *Published: Aug 6, 2024* *Source: https://www.bankless.com/fr/crypto-bouncing-back* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-647-1-1.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=5-reasons-not-to-dump-your-crypto-bags&email=true) Crypto Bouncing Back? Published on Aug 6, 2024 [ View in Browser ](https://bankless.com/read/briefs) --- [**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=5-reasons-not-to-dump-your-crypto-bags&email=true) β€” *Sign up for an account and see what crypto can be. * [Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=5-reasons-not-to-dump-your-crypto-bags&email=true) .Β  . Β . NEED TO KNOW Market Bounces Back? [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-14--86-.png)](https://www.bankless.com/dashboard)- πŸ€ **Crypto Markets Bounce After Disastrous Start to Week.** Global markets bounced back Tuesday, but bulls aren't breathing easy just yet. [*Read more on Bankless.com*](https://www.bankless.com/crypto-markets-bounce-after-disastrous-start-to-week)* * - πŸ‡ΊπŸ‡Έ** Harris Chooses Minnesota Gov. Tim Walz as VP. **The governor has not openly discussed crypto regulation but has taken limited steps in his home state. [*Read more on Bankless.com*](https://www.bankless.com/tim-walz-chosen) - πŸ‘Ύ** Ronin Network Recovers $12 Million from Bridge Exploit.** Ronin bridge hit with another exploit, this time by security researchers. [*Read more on Bankless.com*](https://www.bankless.com/ronin-white-hat-hack) [](https://www.bankless.com/uniswap-extension-browser) .Β  . Β . MARKET VIBES Recovery Mode **πŸ“Έ Daily Market Snapshot: **Yesterday's panic subsided, at least briefly, on Tuesday and gave BTC and ETH some breathing room to push up from lows. Crypto's recovery has still proven much slower than Wall Street's. The Nasdaq Composite is down 2.4% from Friday's close to Tuesday's, while the Dow Jones Industrial Avg. has fallen 1.8%. Meanwhile, BTC has dropped 9.4% and ETH a whopping 17% during that same time period. Prices as of 5pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $1.99T β†—4.6% β†˜16.0% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $56,623 β†—4.6% β†˜14.4% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $2,494 β†—2.3% β†˜23.9% ![](https://s2.coinmarketcap.com/static/img/coins/64x64/13967.png) **GFI** $2.22 β†—23.3% β†˜17.8% --- πŸ”’**New Token Rating: Goldfinch** (GFI) has strengthened by 50% since Monday! Is GFI’s outperformance cause for attention?[Unlock GFI on Token Hub](https://www.bankless.com/tools/token-hub/goldfinch) .Β  . Β . ANALYSIS 5 Reasons Not to Dump Your Crypto Bankless Author: [ David C.](https://x.com/davewardonline) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/image---2024-08-06T161251.002-1.png)](https://www.bankless.com/5-reasons-not-to-dump-your-crypto-bags)It's been a scary couple of days in crypto as the sector has seemed to front-run investor fear around the state of the global economy. Today's market action has already shown the virtues of patience, especially when it comes to unwinding deep conviction bets in new technologies. While crypto assets have shown resilience today and are bouncing upwards of 20% off of this most recent rout's lows, there's still plenty ofΒ [fear in the market](https://www.bankless.com/things-are-not-fine). *Today, we dig into 5 compelling reasons not to smash the sell button *πŸ‘‡ [Read the Analysis](https://www.bankless.com/5-reasons-not-to-dump-your-crypto-bags) ---