Bitcoin Stalls as SEC Delays Crypto Regulation Vote

Bitcoin (BTC) is trading at $63,066, marking a marginal decline for the day and remaining within a narrow intraday range.

The asset currently sits between its short- and medium-term moving averages, with muted volatility and no decisive upward or downward momentum observed.

ETF outflows totaled $389 million from August 10 to August 14, indicating a significant reduction in capital from Bitcoin vehicles.

The SEC delayed its vote on Regulation Crypto, extending regulatory uncertainty as CME Bitcoin futures open interest dropped to multi-month lows.

BTC/USD trades below key moving averages with indicators in conflict, short-term range expected between $62,146 to $63,705 with a 72% probability of further decline.