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Bitcoin Holds Steady Near $63,500 Amid US Economic Optimism

Guavy AI Editorial Team
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Bitcoin's price has stabilized around $63,500 after positive US economic news boosted market sentiment. However, gains are limited due to lack of strong demand and hesitation from big investors.

Ethereum is also facing challenges, trading at $1,854. Analysts believe Bitcoin needs more action from ETFs and spot buyers to break past $64,100.

Vikram Subburaj, CEO of Giottus.com, advises investors to avoid chasing short-term gains and suggests staggered buying with limited leverage until Bitcoin clears $64,100 with stronger ETF and spot demand.

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