### $BTC Updates ###
BTC is currently valued at $58,422.30, marking a 4.1% decrease since yesterday and breaching the $60,000 support level. Over the past week, its value has seen a 3.7% decline. The 24-hour trading volume stands at $36,062,949,785. After dipping below $60,000 for the second time in four months, the market has formed a significant wick on the downside, indicating strong selling pressure but also potential buying interest at lower prices.
Currently, BTC is trading within a horizontal support range, suggesting possible sideways movement in the short term. The market could retest the $58,000 level before any potential recovery. The Crypto Fear and Greed Index, a barometer for market sentiment, is in the ‘fear’ zone with a score of 44 out of 100, having recently hit an 18-month low of 31 on June 25. The index’s fluctuation between 30 and 53 reflects the market’s uncertainty and cautious sentiment.
