BTC fell below $58,000 yesterday and briefly rebounded to around $60,000, then fell back to $59,000. ETF funds continued to withdraw, indicating weakness. ETH rose slightly to above $2,500, with a small inflow of funds into ETFs, but it is expected to have difficulty in independently strengthening. Altcoins generally declined, with DOGS being slightly prominent. The AHR999 index is 0.64, suitable for long-term investment in BTC; the fear and greed index is 29, indicating market fear. #BTC
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.
#DOGS Xiao Niu looks at the market:
BTC fell below $58,000 yesterday and briefly rebounded to around $60,000, then fell back to $59,000. ETF funds continued to withdraw, indicating weakness. ETH rose slightly to above $2,500, with a small inflow of funds into ETFs, but it is expected to have difficulty in independently strengthening. Altcoins generally declined, with DOGS being slightly prominent. The AHR999 index is 0.64, suitable for long-term investment in BTC; the fear and greed index is 29, indicating market fear.
#BTC