Bitcoin Scales $65K Amid Economic Volatility

Bitcoin has returned above $65,000 after adding 0.97% on Monday.

The coin remains volatile but trending slightly upward, with a 84% rise in trade volume over the past 24 hours.

Economic factors are expected to play a significant role in Bitcoin's price movement, with inflation worries, fear over the conflict in Iran, and rising oil rates contributing to its volatility.

Long positions continue to be liquidated, indicating declining investor confidence in the coin, which is still down about 50% from its all-time high in October.