Bitcoin slipped below $62,000 on Friday, briefly approaching the $61,000 level as weakening demand and rising selling pressure from short-term holders weighed on sentiment. The move comes amid a broader risk-off environment across global markets. The momentum indicators remain bearish, suggesting further selloff in the near term. Bitcoin demand continues to decline Bitcoin is down by more than 1% in the last 24 hours and is now trading above $62,000. The coin briefly touched the $61,100 level during the early hours of Friday but has now slightly recovered to above $62,000. The bearish performance comes amid a demand decline for Bitcoin.
Source: Read the original article
