Bitcoin slips below $63,500 after US inflation matches forecasts, spot trading volume hits 2019 lows
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📉 Bitcoin dropped below $63,500 after US inflation data matched forecasts.
🪙 The $63,000 support appears to be weakening in $BTC as spot trading volume hits new lows.
📊 Derivatives markets and technicals point to elevated downside risk for Bitcoin.
📰 Glassnode data shows spot trading activity at its lowest since 2019.
Continue Reading:Bitcoin slips below $63,500 after US inflation matches forecasts, spot trading volume hits 2019 lows
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bullish:
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bullish:
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