Six Insights as Bitcoin Hits $63K

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Another busy but short week lies ahead on the economic calendar in the United States as crypto markets start to show signs of recovery, but can it be maintained?

Crypto markets have started to recover over the weekend with a total capitalization gain of around 4%, primarily led by Bitcoin, which reclaimed the $63,000 level during Asian trading on Monday morning.

This short week’s economic calendar does not have many big-hitting reports but could still shed light on the direction of economic recovery in the United States.

Additionally, U.S. jobs data may influence the probability of Federal Reserve rate cuts later this year, potentially impacting crypto markets as confidence in higher risk assets returns.


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