0411 GMT - Bitcoin falls in Asian trading. Fading expectations for Fed rate cuts and persistent U.S. inflation concerns continue to weigh on demand for crypto assets, Novaque Research analysts say. Meanwhile, bitcoin could face more selling pressure as more leveraged traders bet on long-term gains while additional bitcoin supply enters the market. If prices fail to rise, these traders may be forced to deleverage, potentially triggering another wave of selling, Novaque adds. Bitcoin is down 0.2% at $64,253.50.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments