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Bitcoin trader warns of downside as gold rally continues to pull focus from BTC
['Shaurya Malwa']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin BTC $ 88,170.09 remains under pressure as strong dollar and rising commodities steal spotlight from the crypto market.
The pullback came alongside a firmer dollar and fading momentum in broader risk markets, with crypto continuing to lag strength in commodities and equities.
Gold held near record levels after topping $5,500 an ounce earlier this week, while silver and copper stayed elevated following sharp rallies.
"Bitcoin continues to attempt to consolidate above $89K.
The past week reinforced that pattern, with crypto lagging during the metals rally and failing to respond meaningfully to earlier dollar weakness.