Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs

After seven days of plunging prices, bitcoin steadied. The largest cryptocurrency by market capitalization was recently trading at about $27,165, up 1.1% over the past 24 hours and a little above where it stood when the weekend began. BTC remains down more than 10% since May 5 when it started its most recent swoon, the result of profit-taking and low liquidity against a backdrop of industry-focused and macroeconomic uncertainties. Ether, the second largest crypto in market value, was changing hands near $1,800, down a few fractions of a percentage point and about the same level as early Saturday.

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