The post First Mover Americas: BTC Retreats From $60K appeared on BitcoinEthereumNews.com.

Bitcoin traded around $57,000 during the European morning, following a pullback from the $60,000 resistance level on Thursday, a decline of 2.4% in the last 24 hours. The CoinDesk 20 Index (CD20) fell 2.3%. Bitcoin climbed above $59,000 on Thursday after the U.S. reported its first drop in consumer prices in four years, a positive sign for the prospect of an interest-rate cut by the Fed. Bitcoin’s failure to maintain a sustained rally, despite positive macro news, suggests there is more price weakness ahead. Source: https://www.coindesk.com/markets/2024/07/12/first-mover-americas-btc-retreats-from-60k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ July 12, 2024 8:18 pm