Bitcoin (BTC) is back above $56,000, having dropped below $54,000 over the weekend following a weak August jobs report that suggested the US economy was still at risk of a recession. Alongside BTC price, crypto stocks have also experienced a notable rebound. The US stock market notably suffered a loss of over $1.05 trillion last week, which affected these stocks. BTC and these crypto stocks are still not in the clear, especially with the US CPI set to be released this week.
However, market experts like Arthur Hayes indicated that investors do not need to panic, which looks to have allayed fears following the weekend sell-offs. 
ENG WANJIKU
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