Bitcoin Below 57K! 😱

BTC has fallen below 57K, erasing a brief rally above 58K on Wednesday. It is currently trading around 56,800. However, the CoinDesk 20 Index is up 1%, led by SOL and DOGE! 🚀

While weak economic data from the US has increased the possibility of a Fed rate cut, it has failed to stop BTC’s decline. Risk appetite appears to have diminished. 🤔

Blockstream Mining is raising its third investment round for its hashrate-backed tokenized note. You can buy BTC of 1 PH/s hashrate for $31K! 💰

Share your thoughts in the comments! 👇