Bitcoin is under selling pressure and trading around ~63,000 USD, with the downward trend continuing due to increased risk sentiment in the global financial markets. BTC price has dropped nearly 5% in the last 24 hours and faces the risk of breaking the support level of 60,000 USD if capital outflows continue.
Coindesk.
Capital outflows from crypto investment products continue, with Bitcoin affected by over 288 million USD in net withdrawals from crypto funds, marking the fifth consecutive week.
Technical indicators also show that BTC has lost the 200-week EMA, an important technical signal, raising concerns about a deeper downward trend.
#creatorpadvn $BNB
Coindesk.
Capital outflows from crypto investment products continue, with Bitcoin affected by over 288 million USD in net withdrawals from crypto funds, marking the fifth consecutive week.
Technical indicators also show that BTC has lost the 200-week EMA, an important technical signal, raising concerns about a deeper downward trend.
#creatorpadvn $BNB