Bitcoin stalled just below $56K resistance after a near 18% price recovery from last week's sell-off. Short-term support is within reach.
Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year.
The price move extends the second-largest cryptocurrency's stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications.
The crypto's appearance on daytime TV could move it into the mainstream.
Polygon's MATIC token has charted a 35-fold rally this year.
BTC is now at the most overbought level since April 14, when it reached an all-time high around $64,800.
Young employees in their 20s and 30s are reportedly leaving the workforce to pursue riches in crypto trading.
Inflation remains a key focus, according to a survey of global investors, although risk of a "Fed taper" appears low.
Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..
The SOPR indicator, which measures aggregate net profit/loss could signal a BTC market bottom, according to Glassnode data.
BTC is attempting to break above a series of lower price highs from April 14, which could stabilize the short-term downtrend.
The daily RSI is approaching oversold territory, which could attract short-term buyers.
Technical charts suggest a weakening trend, with altcoins rallying, as bitcoin slides toward $50,000.
BTC drawdowns have occurred every month since the start of this year but most ended with sharp recoveries, achieving newer highs in the following month.
Bitcoin's share of the overall industry market capitalization has fallen as ether and other altcoins have surged in price.