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Bitcoin Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns

Bitcoin (BTC) kicked off the U.S. trading week with gains, moving above $27,000 from as low as $25,800 late on Friday. The largest cryptocurrency by market capitalization was recently trading at around $27,350, up roughly 1.6% in the past 24 hours, according to CoinDesk data. After dipping below $26,000 on Friday, bitcoin had hovered below the $27,000 mark until late Sunday. Edward Moya, senior market analyst at foreign exchange market maker Oanda, suggested in a Monday note that upcoming debt ceiling talks will “tell us a lot if investors believe bitcoin can behave more of a safe-haven despite all the regulatory uncertainty."

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