CoinDesk·3 min read·medium
Bitcoin holds July gain as 'forced-selling fuel was already spent,' analysts say
K
Krisztian Sandor
✦AI Summary
Bitcoin has maintained a monthly gain despite recent market headwinds, including rising interest rate expectations and a major security exploit involving Coldcard wallets. Analysts suggest the asset's resilience is due to a lack of leverage in the market following previous liquidations.
Yes, it slipped below $63,000 on Friday, down about 3% on the day. But zoom out, and the largest cryptocurrency is still on track to finish the month up roughly 7.5% — a respectable showing considering the list of headwinds markets have had to absorb.
businesscryptotechnology
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