The crypto market has rebounded from last week’s dip on the back of the recent US jobs data that was much lower than the forecasts and signals a slowing economy. Inflation is expected to moderate in a slowing economy, leading to lower interest rates. The top 10 cryptos by market cap are trading in the green. Additionally, recent market trends indicate a balance between price shifts and liquidations, signaling market stabilization. BTC seems to be consolidating around $64k. However, the key resistance level remains around $65k.
In other news, the Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF in terms of assets, witnessed an increase in investor funds over the weekend, marking its initial daily increase since its launch in January.
