Bitcoin's Price Volatility Continues Amidst Bullish and Bearish Signals.

Bitcoin drops below $27,000 as investors weigh the implications of the U.S. debt ceiling deal and strong employment report. Laurent Kssis, crypto advisor at CEC Capital, predicts bitcoin will drop below $26,000 this week due to no obvious catalysts and long liquidations being triple those of short liquidations. JPMorgan predicts retail demand for bitcoin will remain strong ahead of the next halving event in April 2024. Richard Teng's appointment to oversee Binance's regional markets outside the U.S. positions him as the most likely successor to Changpeng Zhao, the exchange's founder.