🚀 Bitcoin's Rollercoaster: Will It Break Free? 🎢

Bitcoin (BTC) has been stuck in a tight range since Aug. 8, bouncing between $58,000 and $62,000. It's like watching a cat chase its tail—round and round we go! Traders are scratching their heads, especially with BTC futures funding rates in the negative, hinting at low demand.

Meanwhile, the S&P 500 and gold are flirting with all-time highs, making Bitcoin's 19.5% drop from its March peak look like a bad hair day.

Political drama adds spice: Kamala Harris is mum on crypto, while Trump wants to boot SEC Chair Gary Gensler. Regulatory clarity, anyone?

Economic data shows the Fed's soft landing is in place, boosting stocks and leaving Bitcoin in the dust. Retail sales up 1%, jobless claims down—who needs Bitcoin when the economy's on a roll?

China's stablecoin demand has also dipped, with USDT trading at a 0.2% discount. Ouch!

Will Bitcoin break free or keep spinning? Share your thoughts below! 💬

#Bitcoin #CryptoNews #MarketTrends