Bitcoin Defends $60K Support Amid US Government and ETF Actions: QCP Capital Analysis

Bitcoin has experienced a significant downturn of over 6% in the past week, plunging below the $60,000 mark. Despite a slight rebound, Bitcoin’s recovery has plateaued around $61,500. Investor concerns add to the pressure, especially with recent governmental actions. The US government’s transfer of 3,940 BTC to Coinbase Prime has raised fears of potential market

Source: CoinOtag