US stocks are up, Bitcoin isn't budging; when US stocks drop, Bitcoin panics and plummets.
Last night, Bitcoin dipped below $60,000 again, hitting a low around $59,000. It briefly bounced back in line with the weak US stock market, currently sitting back above $60,000. However, looking at the volume and price action, it's showing major weakness.
Institutional funds are continuously flowing out, and right now Bitcoin is under persistent pressure. $BTC
Last night, Bitcoin dipped below $60,000 again, hitting a low around $59,000. It briefly bounced back in line with the weak US stock market, currently sitting back above $60,000. However, looking at the volume and price action, it's showing major weakness.
Institutional funds are continuously flowing out, and right now Bitcoin is under persistent pressure. $BTC