‘Waiting for buyers’: Bitcoin holds fragile $60K floor ahead of $10.6B quarterly expiry
AI Summary
Bitcoin is hovering just above $60,000, facing downward pressure due to a $10.6 billion quarterly expiry and $469 million in ETF outflows, which have contributed to a negative market sentiment. This situation highlights the precarious state of Bitcoin's price stability as it waits for potential buyers to step in. The implications of this market behavior are significant, particularly given the upcoming expiry date, which could further influence Bitcoin's trajectory in the coming hours.
Original Source
Read the full article at Theblock →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.