Bitcoin (BTC) returned to $9,000 just hours earlier the halving on May 11, stepping upward efforts to erase the weekend'south big losses.

Cryptocurrency market daily overview

Cryptocurrency marketplace daily overview. Source: Coin360

BTC price hits $9,150

Data from Cointelegraph Markets and CoinMarketCap showed BTC–USD attempting to establish $nine,000 every bit support on Monday every bit traditional markets prepared to also open lower.

Having shed over $1,200 at the weekend in a movement that saw some exchanges dive to just $viii,250, Bitcoin then clung to around $8,800 for the rest of Sunday.

At press time, cost movements were still rocky, with halving excitement contrasting with selling pressure on the Dow Jones Industrial Average, S&P 500 and elsewhere.

Bitcoin 1-day chart

Bitcoin 1-twenty-four hours chart. Source: CoinMarketCap

Paul Tudor Jones confirms Bitcoin holdings

Attention also focused on a CNBC interview from macro investor Paul Tudor Jones, who terminal week revealed that he had purchased Bitcoin. Public praise from Jones could potentially spark an uptick in mainstream consumer purchasing.

Describing cash as a "wasting asset in your hand" due to inflation, he told the network that Bitcoin represented at least 1% of his full assets and the figure could be closer to 2%.

"The dumping into a large bullish response is as well what nosotros have seen at previous bottoms," Cointelegraph analyst filbfilb summarized to subscribers on Mon.

If the bulls tin can stay above $8,700 & the POC down here then things might be looking up sooner rather than later = loose that and get in resistance and so it's surly.

Before, Cointelegraph published iv areas for traders to watch ahead of the halving, which could hit in a matter of hours.

The result has attracted considerably more attending than the previous halving in 2022, according to data from Google Trends, which suggests that search interest alone is 300% higher this yr.

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