đ¨ Bitcoin Takes a Dip, But Don't Panic! đ¨
Bitcoin (BTC) took a 5.5% nosedive, hitting $62,498, its lowest in two weeks. The culprits? No interest rate cuts from the US Fed and a whopping 47,000 BTC released from the Mt. Gox estate. Traders are jittery, fearing a drop to $57,000.
But wait! BTC futures and options markets are chill. Futures premiums dipped but stayed neutral, and options show balanced demand. So, no need to freak out just yet!
đŹ What do you think? Will BTC bounce back or dive deeper? Share your thoughts below! âŹď¸
#Bitcoin #CryptoNews #MarketTrends