Bitcoin rose back above $75,000 after Monday’s Wall Street open as tech stocks rebounded, according to the report. TradingView data showed BTC/USD up 0.8% after it fell to $73,500 on Sunday, its lowest level since Aug. 21. The Nasdaq Composite gained 2.5% in the first hour of US trading.
Material Indicators cofounder Keith Alan said Bitcoin could dip toward its 200-week moving average at $67,755, but stressed that such a test was possible, not inevitable, and need not happen that week. CoinGlass reported $1.2 billion in crypto liquidations over 24 hours as of 5 p.m. UTC.
