First Mover America: Is Bitcoin Heading Below $26K?

bitcoin (B T c) is down nearly 2% over the past 24 hours and has recovered from below $27,000 to $26,700 as investors continue to weigh the implications of a US debt ceiling deal and last Friday’s strong jobs report. US stock index futures were little changed on Monday morning after last week’s strong rally in equities. Laurent Cassis, crypto advisor at CEC Capital, sees bitcoin falling below $26,000 this week. “With summer approaching, there is no clear catalyst, dealers are not holding inventory and any large sell order could add to selling pressure,” he said, noting that long liquidations are currently three times that of short liquidations .