Back to extreme greed past $65K? 5 things to know in Bitcoin this week

Bitcoin (BTC) has rebounded impressively, pushing past $64,000 after a significant drop to $56,500 the previous week. This recovery has reignited bullish sentiment in the market, with traders and analysts now eyeing potential moves toward all-time highs. Despite this surge, the market remains cautious with neutral funding rates and key support levels like the $60,000 mark being closely watched.

In the broader economic context, recent U.S. employment data has boosted risk assets, hinting at possible easing of financial conditions by the Federal Reserve. This week, the focus will remain on macroeconomic indicators and their impact on market movements. Meanwhile, Bitcoin's mining difficulty is set to adjust slightly downwards, even as overall resilience in mining remains despite market fluctuations.