Bitcoin fell to lows of $57,663 in Monday's trading session
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According to on-chain analytics firm Lookonchain, institutions seemed to have temporarily stopped buying BTC, partly contributing to the price drop.XRP Golden Cross Secured? Hidden Shiba Inu Signal, Bitcoin Crucial $60,000 Resistance Reached:"Institutions seem to have temporarily stopped buying, and the price of BTC dropped 4.5% today.We noticed that institutions stopped receiving USDT from Tether Treasury and transferring it to exchanges 2 days ago.
A drop in Bitcoin triggered a broader crypto market sell-off over the weekend, as some traders sought indications ahead of a busy week to adjust their positions.Investors will be eagerly watching the inflation data following recent fears about whether the U.S. economy will enter a recession and whether theWhen the Fed met last month, it left rates steady but signaled that a September rate cut was possible, depending on economic data both in terms of inflation and labor market conditions.
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