Analysts warn that bitcoin’s prolonged failure to break above its current range is tilting the technical outlook toward the bears.
ETH, SOL, XRP extend losses as AI scare trade unsettles risk markets
Analysts warn that bitcoin's prolonged failure to break above its current range is tilting the technical outlook toward the bears.
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The cryptocurrency is trading below key ETF cost levels and nearing its pre-election price floor as inflows to these vehicles fade and headwinds build, the bank said.
BTC's weak tone contrasted with moderate gains in major Asian equity indices, which drew strength mostly from expectations of fiscal stimulus.
The decline has Solana's sol (SOL) to overtake BNB's market capitalization, with SOL rising 3.5% to a market cap of $109.3 billion.
A positive flip in the indicator has preceded every major rally since 2020.