Live updates: bitcoin drifts back to $62,500, putting damper on hope for two straight up days

Crypto Insight Summary: Crypto prices rebounded on Monday after steep declines the previous week, though bearish sentiment remains dominant across the market. Bitcoin and other major cryptocurrencies posted gains, recovering partially from the sharp sell-off triggered by macroeconomic concerns and heavy liquidations. Analysts note that despite the uptick, trading volumes stayed relatively low, suggesting limited conviction behind the recovery. Several altcoins continued to underperform, with some still trading near multi-month lows. Market observers warn that the bounce could be a temporary relief rally rather than the start of a sustained recovery, as key resistance levels have yet to be reclaimed. Uncertainty over upcoming regulatory decisions and macroeconomic data, including U.S. inflation reports, continues to weigh on investor sentiment. Derivatives data shows persistent negative funding rates, indicating that traders are still betting on further downside. Until clear signs of a trend reversal emerge, the broader outlook remains cautious, with bears maintaining control of the market structure. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Bearish sentiment persists despite partial recovery, with low trading volumes and negative funding rates signaling weak market conviction.