Bitcoin Sees Limited 2% Decline Amid Macro Headwinds, Coinbase Signals Possible Bottom

BTC4.09%
COIN2.02%
According to Coinbase Institutional analysts, Bitcoin experienced only a 2% pullback recently despite adverse macroeconomic and geopolitical developments, signaling a possible bottoming phase. The weakness in U.S. non-farm payroll data and rising Middle East tensions have fueled market expectations for sustained higher interest rates and increased uncertainties regarding Fed policy. Coinbase noted that BTC's resilient performance—trading between $62,000 and $64,000 after falling below $58,000 in June—represents a significant indicator of market strength.
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