Bitcoin is struggling due to miner capitulation post-FOMC, with a quiet market facing uncertain future.

From Investing.com: 2024-06-14 15:30:39

Bitcoin miners are struggling post-FOMC, leading to massive capitulation and closures, affecting Bitcoin’s recovery.

While equities surge, BTC fails to rise due to miner capitulation post-halving, adding bearish pressure and capping prices.

Flowbank’s bankruptcy further complicates market dynamics for Bitcoin.

Market faces a quiet summer with no clear catalyst, waiting for significant news or events to guide it.

Strategic window for ETH traders with high volatility premium, potential ETF approval, and spread shrinking, making it a good time for accumulation trades and risk redistribution.

Read more at Investing.com: Key Reason Why Bitcoin (BTC) Is Struggling Now By U.Today