Bitcoin's Price Rebounds Above $27K Amidst Macro and Technical Factors.

1 min read
Source: CoinDesk
Bitcoin's Price Rebounds Above $27K Amidst Macro and Technical Factors.
Photo: CoinDesk
TL;DR Summary

Bitcoin and Ether prices remain stable below their 20-day moving average, with funding rates on perpetual futures remaining positive, indicating bullish sentiment. Trading volumes will be key to watch, as they could amplify or mute any directional move. Bid/ask spreads are wide, especially after some market makers quit crypto. In traditional finance, stock-market action was muted as traders try to handicap the odds of whether U.S. lawmakers can agree on a plan to avoid a default by the federal government.

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