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Bitcoin Holds Near $63,000 Amid Falling Oil Prices and Weak Flows

Guavy AI Editorial Team
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Bitcoin traded near $63,000 on Monday as falling oil prices eased inflation concerns. According to Vikram Subburaj, CEO of Giottus, this caused Bitcoin to gain about 0.3% over 24 hours.

The global crypto market capitalisation edged down 1.1% to $2.15 trillion, according to CoinMarketCap. The crypt fear and greed index is at 35 as the market sentiments remain under fear, said CoinDCX Research Team.

Avinash Shekhar, Co-Founder & CEO of Pi42, advised investors to stay disciplined rather than react to every headline or large wallet transaction. He noted that market cycles often reward patience over impulsive decisions.

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