Bitcoin Recovers Above $112,000, Boosted by Weekend Gains

Bitcoin recovered above $112,000 Monday morning, supported by a surge in buying pressure noted during the weekend. As a result, the top crypto is up 2.5% in the past 24 hours, undoing most of last Thursday’s losses, per CoinGecko data. Buoyed by Bitcoin’s strength, altcoins have also soared higher, resulting in a$ 354 million liquidation spree and the total cryptocurrency market capitalization nearing the $4 trillion mark. Bitcoin’s Monday morning rise reflects “a mix of macro relief, with a softer U.S. d ...