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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Weekend Recap: $BTC Reclaims $57K As Hodlers, Maxis Help Drive Positive Sentiment

Bitcoin MtGox Jelle Metaplanet Michael Saylor Samson Mow El Salvador Arkham Intelligence Crypto
Bitcoin is back above $57,000 following a mostly red week. (Credit: Jorge Franganillo/flickr)

KEY POINTS

  • $BTC was trading at $54,000 Sunday night before starting Monday above $57,000
  • Germany's continuing sell-off has strained sentiment among small Bitcoin holders
  • Hodlers such as Metaplanet and El Salvador have been buying the dip
  • Some analysts are positive that the recent fears surrounding $BTC won't 'slay the bull'

Bitcoin has bounced back above $57,000 after a wild ride down the road in the past week. It was a difficult climb for the world's largest cryptocurrency by market value over the weekend, but its steady struggle to the $57,000 mark has raised some hopes in the largely frustrated Bitcoin community.

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