Crypto Daily – ($BTC) is still following a local downward trend, and has now lost 13%, equal to $11,000, since the last all-time high of $108,000. Can $BTC now start to recover, or is there more downside to come?
Market sentiment losing momentum
Market sentiment is losing its optimistic momentum over the last week as $BTC continues to track downwards after attaining the all-time high of $108,000. Having reached as low as $92,000 last Friday, it is to be wondered if this local downtrend will continue.
MicroStrategy makes customary Monday buy announcement
On the demand side, MicroStrategy bought again on Monday, as has become the norm over the last several weeks. The company bought $561 million worth, equivalent to 5,262 BTC.
U.S. Spot Bitcoin ETFs experience third straight day of outflows
However, this needs to be balanced against the recent sales of Bitcoin by the U.S. Spot Bitcoin ETFs. The third straight trading day of selling saw a net outflow from…
Read More
