CoinDesk·3 min read·hard
Bitcoin's July gains may be fleeting as U.S. demand stays weak
O
Omkar Godbole
✦AI Summary
Bitcoin's recent price gains are facing downward pressure due to weak U.S. demand and persistent outflows from spot ETFs. Analysts suggest that the market remains fragile, with rising global bond yields and a lack of institutional inflows acting as potential headwinds.
Bitcoin BTC $ 63,139.66 fell on Tuesday after chalking out a six-day winning streak, the longest since March. The gains, in any case, looked fragile when viewed through the lens of several indicators.
cryptobusinesseconomy
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