Bitcoin’s Difficulty Holding $64.5K Explained in 3 Reasons

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Bitcoin has lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impact investor sentiment.

Bitcoin surged 8.2% over the seven days leading up to Sept. 25, from $59,886 to $64,816, but the $64,500 resistance level proved more challenging than expected. Weak macroeconomic data contributed to a decreased risk appetite among investors, but other factors also contributed to sparking a Bitcoin price correction on Sept. 25.


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