Record fundamentals meet $4K Ethereum: 5 things to watch in Bitcoin this week

Cointelegraph

Published May 10, 2021 04:51AM ET

Updated May 10, 2021 07:20AM ET

Bitcoin (BTC) is off to yet another fighting start on Monday, hitting $59,500 — is this the week we see $60,000?

After a promising but restrained weekend, BTC/USD is once again back to beating out resistance as major markets reopen.

BTC/USD vs. S&P 500 chart. Source: Tradingview
U.S. dollar currency index (DXY) 1-day candle chart. Source: Tradingview
Bitcoin 7-day average hash rate chart. Source: Blockchain
BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview
BTC/USD order book composition (Binance). Source: Material Indicators
Cryptocurrency market cap dominance chart. Source: CoinMarketCap

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