Bitcoin recovered some lost ground by the end of the week as markets shook off mixed United States macro signals. Data from Crystallography Markets Pro and Tradition showed BTC/USD circling $26,000 on June 16 after bouncing over $1,000 from the previous day’s lows when it fell below $25,000 for the first time in three months. The 4% plunge came as the Federal Reserve pressed a pause on interest rates but suggesting more hikes would come later this year. On short timeframes for BTC/USD, traders are remaining cautious amid the risk of further downside to come. “Still in the area of interest, but need to sustain above $24.5K to avoid a cascade to $23k,” wrote Michaels van de Popped, founder and CEO of trading firm Eight.
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