Bitcoin's price climbed to nearly $63,500 approaching the close of the week, marking its highest level in almost two weeks following a strong weekend rally. This upward momentum showed renewed investor interest in the cryptocurrency as it edged closer to key resistance levels.
However, according to CoinTelegraph, Bitcoin has historically experienced poor price performance on Mondays, described as an 'absolutely terrible' track record. Traders and investors should be cautious as the market enters the new week, given this recurring pattern.
For Japanese investors, this movement comes at a time when the domestic market is increasingly open to cryptocurrency trading, influenced by global price swings and regulatory developments in Tokyo.