📉 Current market condition


BTC is moving within the range of $60K – $75K (sideways)
Financial and Business News
Sentiment is weak again & cautious because:
geopolitical conflict (Middle East)
global economic uncertainty
The Economic Times
👉 That's why the current movement tends to go up and down but the direction is still unclear
📊 Latest important facts
1. ETFs are starting to flow in again (positive signals)
Bitcoin ETF recorded an inflow of $1.3 billion in March
👉 Usually, this indicates institutional interest is starting to return
Investors
2. Miners are having difficulty (negative signals)
BTC hashrate drops for the first time since 2020
Tom's Hardware
Mining costs are more expensive than the price of BTC
👉 This can put pressure on the network & sentiment
#GateSquareAprilPostingChallenge GateSquareAprilPostingChallenge
BTC-0,18%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin