Bitcoin traded around $63,600 on Tuesday, as prices appear to be consolidating within the $62,000 and $64,700 key levels.
Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run On-chain data shows that the consolidation may be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million, per Farside Investors data. Bitcoin holds steady above $62,000 amid profit-taking and mild decline in institutional demand Bitcoin trades around $63,800 on Tuesday, consolidating within the $62,000 and $64,700 key levels.
At the same time, on-chain data indicates short-term consolidation due to profit-taking by holders, mild spot BTC Exchange Traded Funds inflows, and weakening spot buying pressure. Monero price is poised for a decline following rejection from key resistance Monero , a privacy-centric cryptocurrency, continues to decline on Tuesday after facing rejection for resitance barrier on Monday.
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