Crypto
Bitcoin Stalls Near $63,000 Amid Risk-Averse Crypto Market
Bitcoin's price is hovering around $63,000 on Monday after a 3% decline last week. The crypto market remains risk-averse amid ongoing Israeli attacks on Lebanon and US plans for fresh sanctions on Iran.
Despite this, Worldcoin (WLD) and World Liberty Financial (WLFI) are leading the gains in the past 24 hours. According to CoinMarketCap's Fear and Greed Index, which is currently at 37, crypto investors remain risk-averse.
From a technical perspective, Bitcoin needs to reclaim its short-term moving average near $64,306 to sustain a recovery towards the June 3 high of $67,516. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest prevailing downside pressure.