"Miners may be holding in anticipation of a price rally," one analyst said.
The price gain came amid new signs of growing mainstream adoption of bitcoin and other cryptocurrencies.
Bitcoin may be building for a big move as price volatility hits four-month low.
The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013, following prior "halvings" on the blockchain network.
Despite short-term volatility, bitcoin's uptrend remains intact. And some traders could be shifting to altcoins.
Bitcoin lost ground after Upbit suspended KRW deposits and withdrawals.
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
Inflows to crypto funds jumped from a five-month low of $21 million the prior week.
Bitcoin is drawing the highest "kimchi premium" in three years, indicating retail frenzy in South Korea.
Binance's crypto derivatives platform sees record open interest as retail participation grows.
CBDCs could facilitate central bank stimulus in the form of money drops, and lead to higher inflation, says BofA.
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
Bitcoin's call options are drawing higher value than puts.
Bitcoin outshines gold as inflation expectations rise.