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BTC/USD: Finds Support at 50 EMA as Risks Rise
Bitcoin price remained under pressure this week, reaching its lowest point since May 1, down from this month’s high of $82,847. The BTC/USD pair was trading at 76,765 on Wednesday as market risks continued. Bitcoin Price Falls as Risks Rise The BTC/USD pair has remained under pressure in the past few days as risks remain. One of the risks is that investors have continued dumping their Bitcoin ETFs. Data shows that spot Bitcoin ETFs have shed over $396 million this month. This is a big reversal after these coins added over $1.6 billion in the first six days of the month. The same is happening in other ... (full story)
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