Posted 4/3/2024, 8:00:00 PM
Bitcoin Struggles to Maintain Momentum Above $66K as Broader Crypto Market Slumps
- Bitcoin price remains below $66,000 after failing to hold rallies above that level
- Broader crypto market down, with 10% drops in bitcoin cash and litecoin
- Bitcoin rallied earlier on soft service sector data and Fed chair remarks on rate cuts
- Price action more choppy in recent weeks amid slowing spot ETF inflows
- Strong economic data boosting yields and dollar, presenting headwinds for bitcoin
