Rajagopal Menon, VP, WazirX said, “Bitcoin remains steady around the $64,500 level. Despite a minor 1.13% dip in the last 24 hours, the cryptocurrency has demonstrated resilience with a modest 3.34% decline over the past week. Investors are closely watching support levels as cautious sentiment prevails in the broader market. Concerns over prolonged higher U.S. borrowing costs have weighed on the cryptocurrency market, particularly impacting Bitcoin, the world’s largest digital currency.”He added, “Despite a recent acquisition by MicroStrategy, Bitcoin’s price showed minimal reaction, continuing its downward trend and testing critical support levels over the past 14 hours. However, a decline from the latest psychological support level at $65k might have an impact on investor confidence for the token in the near term.”
sekar nallalu Cryptocurrency Crypto Market Dips Marginally, Trading Volume Declines 6.68%; Bitcoin, Ethereum Down