BTC Price Plummets Under $65K Pressure Amid War Escalation and ETF Withdrawals
The price of Bitcoin has been struggling to break through the $65,000 barrier over the past week, and multiple indicators suggest that another downward trend is on the horizon.
Macro risks such as war escalation and ETF withdrawals are weighing heavily on crypto markets, potentially pressuring the price of BTC, adoption rates, and activity in DeFi and CEX liquidity.
The failed attempts to reach $65,000 have been a repeated occurrence over the past week, with Bitcoin unable to sustain any significant gains above this level.