Bitcoin Coinbase premium turns negative as BTC price stalls under $63K
Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.
Auto Added by WPeMatico
Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend.
Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.
Bitcoin’s recent rally put its price above a key bull market metric. Are new highs inbound?
The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up.
Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors’ interest.
According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up.
Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed?
Bitcoin’s “anxiety stage” suggests more potential September downside before the next leg up, the latest price analysis suggests.
Bitcoin could start its rally next week, on a potential liquidity injection in the world’s largest economy.
