Bitcoin has a new lifeline in the form of “significant” Binance bid liquidity, but ETF pressures on BTC price performance continue for another day.
Bitcoin (BTC) fell back under $40,000 after the Jan. 25 Wall Street open as BTC price action tested “pretty significant” support.
Data from Cointelegraph Markets Pro and TradingView showed another lackluster start to the United States session, with BTC/USD failing to claw back lost ground for long.
Bitcoin faced a familiar cocktail of downside triggers, these focused on the spot exchange-traded funds (ETFs), now into their third trading week.
