Bitcoin is holding below the $26,000 USD mark

04.09.2023

Bitcoin rose on Monday morning in Asia but remained below the US$26,000 resistance level, ceding much of last week’s gains from a favorable court ruling on Grayscale’s bid for a spot bitcoin fund. Ether also remained in a range around US$1,650, while other cryptocurrencies in the top 10 volatile cryptocurrencies traded mixed, with XRP leading the winners and Dogecoin among the losers. On Monday morning, U.S. stock futures declined after Wall Street closed the week higher amid a cooling U.S. labor market, easing concerns about further interest rate hikes.