The cautious market sentiment and a broader pullback in crypto activity have contributed to a stall in Bitcoin's price. Over the past 24 hours, Bitcoin has experienced a slight 0.48% decline and a 3.37% drop over the past week. Its trading volume has also decreased by 17.68%, indicating reduced market activity, and its market capitalization has slipped by 0.83%. Despite this, Bitcoin dominance has rebounded by 3.6%, suggesting a preference for the dominant cryptocurrency, while Bitcoin futures open interest has fallen by 0.41%, indicating reduced leveraged exposure. The relatively balanced liquidation data further reflects a lack of strong directional conviction in the market. Bitcoin's struggle for upside momentum continues, with the $97,500 level as a key resistance zone. A breakout above $98,500 could signal renewed bullish strength, while a failure to hold above $96,500 could lead to further downside towards the $95,000 support level.



Other News from Today