Bitcoin (BTC) price stabilizes around $61,000 on Thursday after closing below the key support level of $62,000 on Wednesday.
Bitcoin Price Forecast: BTC vulnerable despite surge in stablecoin market capitalization Bitcoin price stabilizes around $61,000 on Thursday after closing below the key support level of $62,000 on Wednesday. This indicates a potential shift in market sentiment in the short term as institutional demand wanes, as shown by two straight days of outflows in US Spot Bitcoin Exchange Traded Funds .
Shiba Inu could dip 7% as SHIB whales reduce their holdings Shiba Inu , the second largest meme coin in the crypto ecosystem, edges slightly higher and trades at $0.00001710 at the time of writing on Thursday after a three-day decline. On-chain and technical indicators signal that further correction is likely in the meme coin.
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