#CryptoNews 🪙

- BTC rallies 21% from sub-$50K on Aug. 5 but struggles to hold above $62K.

- S&P 500 recovers, just 1% away from July 16 all-time high.

📉 Mixed Trends:

- BTC derivatives index shows low buying interest.

- Investors shift from cash to fixed assets.

📊 US bond yields fall, showing confidence in Fed's strategy to curb inflation without causing recession. Fed expected to cut interest rates on Sept. 18.

💵 USD index (DXY) falls to lowest level since Dec. 2023, could impact BTC price.

📈 S&P 500 rises, reflecting distrust in cash, positive for BTC.

🔍 BTC Derivatives Analysis:

- BTC Futures Premium Drops to 6%, Near Bearish Levels.

- BTC Options Data Shows Balance Between Calls and Puts.

💬 What do you think about the BTC outlook? Share your thoughts!#Bitcoin#Crypto#Finance#Blockchain