Technical data suggests lower support around $34,000 could stabilize the current pullback.
The recent spike in trading volume could signal that when there’s a market move, interest and activity quickly return.
The short-term put-call skews have pulled back due to a flurry of call buying.
Bitcoin is in pullback mode with lower support near $32K-34K.
Deep negative real returns on bonds tend to boost the attractiveness of other assets.
"The speculation that has ensued around our specific plans for cryptocurrencies is not true," a spokesperson said.
Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT.
The strong bounce in bitcoin over the weekend occurred as shorts covered positions.
Market analysts say Monday's price gains accelerated amid a short squeeze.
According to one analyst, some $1 billion in trading positions were liquidated as prices surged.
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Monday's bitcoin rally could encourage digital-asset inflows because many investors have been on the sidelines since the sell-off in May.
Upside momentum is improving after several months of consolidation.
The gap over the spot market price widened to more than $8,000.
Sunday's price rise follows an unconfirmed report Amazon is looking to accept bitcoin payments by year's end.