Bitcoin (BTC) trades above $59,000 on Friday, but it has lost 7.5% this week so far after being rejected around the daily resistance of $65,000.
Bitcoin Weekly Forecast: Will BTC continue its ongoing decline? Bitcoin trades above $59,000 on Friday, but it has lost 7.5% this week so far after being rejected around the daily resistance of $65,000. The decline is supported by lower demand from the US spot Bitcoin ETFs, which registered a net outflow of $103.8 million, falling Bitcoin 's Coinbase Premium Index, and a spike in Network Realized Profit/Loss.
Vitalik Buterin’s Ether transfers raise concerns after Ethereum Foundation slammed for spending $88 million Ethereum founder Vitalik Buterin carried out another ETH transfer on Friday, on-chain data shows, raising concerns among crypto traders hours after the spending practices from the Ethereum Foundation were put into question due to its lack of transparency.
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