Bitcoin Dips Below $62.5K as CoinDesk's BTC Trend Indicator Turns Neutral
Summary
Bitcoin (BTC) is trading below $62,500, down nearly 4%, while Ether (ETH) is above $3000. The CoinDesk 20 is down 4% at 2,139, and the Bitcoin Trend Indicator (BTI) has turned neutral from bullish. Ether's trend indicator has also hit neutral. BTC Spot ETFs recorded a weekly trading volume of approximately $16.2 billion. Luxury watch prices continue to decline due to high inventory levels, despite record performance in equity and crypto markets.
