BItcoin price faltered at $64K again — Here is why
Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.
Auto Added by WPeMatico
Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.
The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.
Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop
Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.
What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?
