Bitcoin fell under $57,000, erasing positive factors from Wednesday’s temporary rally above $58,000. BTC was buying and selling round $56,800 on the time of writing, round 0.3% increased than 24 hours in the past. The broader digital asset market, as measured by the CoinDesk 20 Index, added about 1%, with SOL and DOGE main the positive factors. Bitcoin peaked above $65,000 on Aug. 25 and has been falling ever since, with the downtrend characterised by temporary, shallow bounces, an indication of a persistent “sell-on-rise” mentality. This seemingly stems from rising U.S. recession dangers, which result in a discount in publicity to danger property.
