Reported about 9 hours ago
Bitcoin is undergoing its worst week since March, having lost 6.2% and dipped below $100,000 for the first time since June. This follows a significant selloff that erased $300 billion from the crypto market, leading to pessimistic investor sentiment. Key indicators are showing bearish trends, particularly with Bitcoin falling below its crucial 365-day moving average, which might signal a deeper price correction. In contrast to the recovery seen in other risk assets, Bitcoin has failed to entice buying interest, especially among institutional investors who have been pulling funds from Bitcoin ETFs.
Source: YAHOO