Bitcoin Recovers as Coinbase Premium Turns Higher

In brief

• Bitcoin is up 12% from the Friday low of $62,822, coinciding with a 70% uptick in the Coinbase Premium index.
• The recovery is flashing signs of a textbook dead cat bounce, driven by short-covering and a squeeze, experts told Decrypt.
• Regional pressures eased after Japan’s election, but a sustained recovery depends on U.S. economic data and broader macroeconomic trends.