Bitcoin Bounces Back Above $27K Amid Debt Ceiling Debate and Technical Indicators

Bitcoin rebounded above $27,000 after dipping below $26,000 on Friday, with investors weighing upcoming debt ceiling talks and liquidity concerns in crypto markets. Ether also rose more than 1% to hover around $1,830, while altcoin liquidity suffered a 17% drop on a monthly basis. The CoinDesk Market Index (CMI) was up roughly 1.8% for the day. Investors will be eyeing several economic readings for indications of a slowdown, including U.S. monthly retail sales and housing data.