Moderate Gains are Erased as BTC Faces New Volatility
CryptoNewsTerminal Staff05 Sep, 2024
Moderate Gains are Erased as BTC Faces New Volatility
Bitcoin enjoyed a short thrust above $58,500 during the previous session in the US, QCP Capital reported. The asset fell back beneath $57,000 as Asia opened for trading. Market volatility will likely persist throughout the week. BTC saw its lowest spot ETF outflows in the last six trading days yesterday, with a total of -$37.29M. Elevated volatility is expected to continue, according to the Volume Momentum Indicator (VMI).
