Bitcoin is expected to enter a consolidation phase throughout August following subdued market activity during the recent U.S. Crypto Week. Despite increased retail engagement, institutional investors have yet to bolster momentum, leading to a slight dip in Bitcoin’s price. Ethereum futures showed rising open interest, though funding rates remain steady with expected declines soon. Market participants are increasingly cautious, focusing on risk management and technical strategies amid a slower summer trading environment. Regulatory developments and macroeconomic factors, including the delayed White House Bitcoin reserve report and the GENIUS Act framework, are set to influence future market dynamics. Overall, Bitcoin appears overbought with limited short-term upside until new catalysts surface.
Continue to read Bitcoin Faces Consolidation Ahead Amid Cooling Crypto Market Activity
Bitcoin is expected to enter a consolidation phase throughout August following subdued market activity during the recent U.S. Crypto Week. Despite increased retail engagement, institutional investors have yet to bolster momentum, leading to a slight dip in Bitcoin’s price. Ethereum futures showed rising open interest, though funding rates remain steady with expected declines soon. Market participants are increasingly cautious, focusing on risk management and technical strategies amid a slower summer trading environment. Regulatory developments and macroeconomic factors, including the delayed White House Bitcoin reserve report and the GENIUS Act framework, are set to influence future market dynamics. Overall, Bitcoin appears overbought with limited short-term upside until new catalysts surface.
Continue to read Bitcoin Faces Consolidation Ahead Amid Cooling Crypto Market Activity
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