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BTC/USD: Loses Momentum as Megaphone Forms
Bitcoin price gave up some of the recent gains, moving to a low of $112,800, down from this week’s high of $116,580. It has now dropped by 10.75% from its highest level this year. Bitcoin dropped despite having some notable catalysts, including the rising ETF inflows and the potential for interest rate cuts by the Federal Reserve. The BTC/USD pair also retreated even as American stocks continued their uptrend. The Dow Jones Index rose by 161 points, while the Nasdaq 100 and the S&P 500 Index rose by over 0.20% and 0.8%, respectively. These indices tend to have a close correlation with Bitcoin. Bitcoin also ... (full story)
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