Bitcoin drops to one-week low as retail buys gold at highest prices since June

Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks. Read More at https://cointelegraph.com/markets/bitcoin-drops-to-one-week-low-as-retail-buys-gold-at-highest-prices-since-june?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin sell pressure ‘closer to exhaustion’ after $4B USDT market-cap drop: CryptoQuant

Bitcoin analysis suggested that sell pressure would not increase given the historically large contraction in USDT market cap over a 60-day period. Read More at https://cointelegraph.com/markets/bitcoin-sell-pressure-closer-to-exhaustion-after-4b-usdt-market-cap-drop-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound