China ‘endorses’ BTC investment: 5 things to watch in Bitcoin this week

Cointelegraph

Published Apr 19, 2021 05:23AM ET

Updated Apr 20, 2021 07:20AM ET

Bitcoin (BTC) is beginning a new week, grinding back to $60,000 as the shock of a weekend price crash settles.

After dropping to as low as $52,000 in a snap sell-off event, Bitcoin has spent the past two days slowly recovering its losses. What’s next?

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin liquid supply change chart showing transfers to strong hands. Source: Willy Woo/Twitter
Bitcoin hash rate chart. Source: Blockchain

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