Bitcoin Pinned at $63,000 as Order Books Thin Out — and the S&P 500 Sets a New Record
Bitcoin is currently pinned around $63,000, failing to capture the risk appetite that propelled the S&P 500 to a new record high. Despite a supportive macro environment, Bitcoin's order books are thinning, with reduced buy-order depth and declining spot exchange volume. Analysts suggest that a decisive break below $63,000 could trigger leveraged selling, potentially pushing Bitcoin towards $58,500, while a recovery would require reclaiming $68,700 on increased volume and ETF inflows.
EGamers.io
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