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Bitcoin and Other Cryptocurrencies Rebound Despite Negative Market Sentiment

Bitcoin and other cryptocurrencies saw a slight increase in value on May 22, with Bitcoin trading at $27,382 and a market cap of $530 billion. Ethereum and other top ten altcoins also experienced gains of 3-4% in the last 24 hours. However, caution should be exercised by investors as some of the top digital assets have seen historically low weekly trading volumes. The market's negative sentiment may be due to concerns over the US defaulting on its debt, which could result in a significant market crash, as per JPMorgan chief Jamie Dimon. 


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