Bitcoin Drops to $76.4K as Demand Turns Negative, Asian Stocks Slide

Bitcoin Drops to $76.4K as Demand Turns Negative, Asian Stocks Slide

One of Bitcoin’s onchain demand indicators turns negative again after a brief August rebound, as BTC price slipped below $77,000 amid a broader bond and equities sell-off.

Bitcoin Spot Demand Slips as Price Falters Near $77K

Bitcoin slipped lower in early Wednesday European trading, posting local lows near $76,400 before recovering to around $77,000, according to CoinGecko. The retreat came as broader risk assets weakened in Asia and as the US fixed-income backdrop remained fragile. CryptoQuant data suggests the selloff wasn’t solely a momentum move—Bitcoin’s “apparent demand” indicator turned negative again [...]

Bitcoin Drops to $76.4K as Demand Turns Negative, Asian Stocks Slide - Invest In Crypto News

Bitcoin (BTC) sold off into the early European trading hours on Wednesday to hit local lows of $76,400, per data from CoinGecko. Key points:  Bitcoin’s apparent demand indicator turns negative again, with BTC price dropping to a local low of $76,400 before reclaiming $77,000.USD/JPY drops sharply to 158.5, sparking speculation that another yen intervention has […]

Bitcoin’s apparent demand turns negative as price struggles with $77K

Bitcoin’s apparent demand turns negative as price struggles with $77K tradingview.com