Cryptocurrency Market Dips Despite Positive Economic Indicators
Bitcoin's price has fallen to its lowest level since March 17, reaching $26,160, a decline of over 12% since May 6. The drop comes as CoinDesk's Bitcoin Trend Indicator turned neutral from bullish for the first time in three weeks. Analysts suggest that low liquidity and worsening market depth on major exchanges, including Binance, have contributed to the decline. The downside move may gather pace if traditional risk assets turn lower, with key support for BTC at $25,200 followed by $23,100.