Bitcoin slides toward $63,000 as Coinbase premium stays negative for a record 60 days
The Block·
60-second summary
Bitcoin is sliding toward $63,000 as chip stocks decline, contributing to the cryptocurrency's downward trend. The Coinbase premium remains negative for a record 60 days, a sign of low demand. Thin ETF flows also weigh on the market, indicating a lack of investor interest, and exacerbating the downward pressure on Bitcoin's price.
Bitcoin fell near $63,000 as chip stocks sold off, the Coinbase premium stayed negative a record 60 days, and ETF flows remain thin.