The weekend was uncertain for Bitcoin, as the cryptocurrency rose to a high of $ 49,600 overnight from Saturday to Sunday, but failed to hold on to its gains, falling back to $ 48,000 on Monday morning.
However, the correction remains limited, and this week's news could help Bitcoin embark on a new psychological threshold test of $ 50,000.
Recall that the fall of the Dollar at the end of last week helped bitcoin to exceed $ 49,000. However, BTC struggled to extend its ascent above $ 50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve's cut schedule following the Fed boss's speech at Jackson Hole last Friday.
However, the correction remains limited, and this week's news could help Bitcoin embark on a new psychological threshold test of $ 50,000.
Recall that the fall of the Dollar at the end of last week helped bitcoin to exceed $ 49,000. However, BTC struggled to extend its ascent above $ 50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve's cut schedule following the Fed boss's speech at Jackson Hole last Friday.