Bitcoin price dropped by 1.56% in the last 24 hours, slipping down to $62.7K.
From the beginning of 2024, BTC withdrawals from exchanges total up to 210,000 BTC.
The bears are restraining the bulls from making the move, and the recent bullish momentum of BTC is gradually diminishing. Bitcoin is at a critical juncture, with its price hovering around $62,000.
The current price momentum is at a declining pace, down by 1.56% in the last 24 hours. Notably, BTC climbed from a low of $62,685 to a high of $64,043. During this dip, BTC’s trading volume has soared by 37.64% to $27.90 billion. At press time, BTC traded at $62,728 as per CMC data.
Moreover, the BTC Fear and Greed Index stays at 48, suggesting neutral sentiment in the market. Reportedly, Bitcoin has witnessed a 24-hour liquidation of $16.67 million.
Notably, the Federal Reserve’s potential rate cut speculated for September could serve as a critical bullish signal for Bitcoin. According to Ali Charts, if Bitcoin
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