Bitcoin price news: BTC rebounds to $79,000, but HOOD, COIN, MSTR remain sizably lower
CoinDesk
Bitcoin bounced 7% from weekend lows to trade near $79,000, but crypto stocks remained significantly down.Summary
Bitcoin rebounded by 7% from its weekend low, trading near $79,000 on Monday, though it remained down over 10% week-over-week, with Ether also seeing a modest 24-hour bounce but a 19% weekly drop. The weekend sell-off, which broke key support levels, was attributed by analysts to over $2 billion in forced crypto derivatives liquidations. Despite the slight crypto recovery, digital asset-related stocks like Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR) continued to trade sharply lower. This occurred while U.S. stocks generally traded higher, and investors await the upcoming U.S. jobs report for clues on the Federal Reserve's future rate cut path.
(Source：CoinDesk)