Bitcoin Stuck in Narrow Range as Sellers Push Back

Bitcoin's price dipped to $64,358 on August 7, marking a slight decline over the past day. However, it has remained steady for the week.

The cryptocurrency has been stuck in a tight range between $64,000 and $65,000 as sellers continue to push back against higher levels. This cautious sentiment is reflected in broader markets, which are awaiting clearer geopolitical and macroeconomic signals.

Despite the price fluctuations, US spot ETFs have seen significant interest, with $626 million being pulled in over three days. This influx of funds may be partly attributed to investors switching from self-custody following a Coldcard wallet security breach.