Bitcoin Apparent Demand Turns Negative — What This Means For Price
NegativeCryptocurrency

Bitcoin is facing a downturn, with prices hovering around $111,000 after significant losses linked to the ongoing trade war between the US and China. This marks a 9.45% drop over the week and a 12.16% decline from its all-time high, indicating a troubling trend for investors. The recent shift in apparent demand is particularly concerning as it reflects a lack of confidence in the market, which could lead to further price declines. Understanding these dynamics is crucial for anyone involved in cryptocurrency, as they highlight the volatility and risks associated with digital assets.
— Curated by the World Pulse Now AI Editorial System