Bitcoin's performance remains under pressure, struggling to hold above $60,000 amidst geopolitical tensions and economic uncertainties, reflecting significant investor caution observed in the current market.
The SEC's appeal regarding XRP's status as an unregistered security adds to the prevailing uncertainty in the cryptocurrency market, impacting investor confidence and Bitcoin's stability.
A series of futures liquidations amounting to $830 million over the past three sessions highlights the volatility in Bitcoin trading, driven by negative market sentiment.
Concerns over the US economy and geopolitical risks are likely to impede Bitcoin's potential gains unless there is a shift in these adverse factors.
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