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Crypto

Bitcoin Price Consolidates Near $64,715 Resistance Amid Mixed Momentum

Guavy AI Editorial Team
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BTC
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The Bitcoin price is trading at $64,030 after a marginal decline of 0.13% in the last day. The current price sits below its short-term averages but retains medium-term support.

US spot Bitcoin ETFs experienced net outflows of 3,170 BTC last week, driven by large withdrawals from iShares Bitcoin Trust. However, whale wallets accumulated 19,696 BTC in eight days, partly counterbalancing the decline in ETF participation.

The Federal Reserve's more dovish policy stance has moderately influenced investor liquidity conditions. The launch of Alpen Labs' Testnet III and Michael Saylor's reiterated commitment to existing protocol rules illustrate ongoing evolution in Bitcoin's ecosystem.

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