Bitcoin remained stable over the weekend, trading between $54,000 and $55,000, following a liquidation of crypto long positions after a weaker-than-expected U.S. jobs report. Market analysts suggest Bitcoin is undervalued due to its record-high network security. Upcoming events this week include a Presidential debate and the release of U.S. economic indicators. Bitcoin miners are expanding capacity, indicating potential price bottoms for the asset. The lower payroll figures indicate a weaker labor market, but the lower unemployment figure lessens concerns of a recession. The crypto market is expected to remain volatile leading up to the next Fed meeting. Bitcoin could see movement this week with the release of Consumer Price Index and Producer Price Index figures, as well as the Presidential debate.



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