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Wednesday, July 24, 2024

Bitcoin (BTC) Relief Rally Stalls at $63K as Crypto Price Rebound Faces Hurdles

Bitcoin (BTC) Relief Rally Stalls at K as Crypto Price Rebound Faces Hurdles

Digital asset markets rebounded over the weekend, with the broad market benchmark CoinDesk 20 Index (CD20) climbing more than 4% since Friday midnight UTC. Bitcoin bounced to $63,500 from its Friday dip below $60,000 before faltering and slipping below $63,000 toward the start of the U.S. trading session. July tends to be a positive month for BTC, 10x Research wrote in a Monday update, but any lull over coming months will probably continue as the third quarter is usually the weakest for digital assets.

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