Bitcoin and other cryptocurrencies were rising early Monday. The crypto sector could benefit from increasing confidence over interest-rate cuts but analysts warned Bitcoin was still susceptible to declines. Bitcoin has risen 2.4% over the last 24 hours to $65,185, leaving the largest cryptocurrency at its highest level for nearly two weeks.
Bitcoin fell more than 10% in the first three days of this week, the worst three-day stretch since August 2023.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.