After a wild weekend, bitcoin could take a breather before the next move higher

Bitcoin's big swing in prices over the weekend likely set the stage for a period of consolidation before the cryptocurrency can make another move higher.The digital currency lost as much as 15% over the weekend, and rival coins like ethereum also fell. Bitcoin traded around $55,970 at 4 p.m. ET. Some crypto-linked equities were lower. Coinbase lost nearly 2.6%. Meanwhile, Voyager Digital lost 9.6%, and Marathon Digital Holdings lost 8.7%."There's been a lot of rumors and speculation about what pushed the market down over the weekend. To me, it's boiled down to excess leverage within the system," said Leeor Shimron, Fundstrat vice president of digital asset strategy. "We've seen it over the last couple of weeks, especially in bitcoin, but it spilled into other asset classes as well."Shimron said there was a big deposit of bitcoin over cryptocurrency exchange Binance over the weekend, which helped fuel speculation."When the sell-off happened…

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