Markets
First Mover Americas: BTC retreats from $60K
Bitcoin traded around $57,000 during the European morningafter a pullback from the $60,000 resistance level on ThursdayBitcoin has seen a 2.4% decline over the past 24 hours. The CoinDesk 20 Index (CD20) is down 2.3%. Bitcoin surged above $59,000 on Thursday after the U.S. reported its first decline in consumer prices in four years, a positive sign for the prospect of an interest rate cut by the Fed. Bitcoin’s failure to maintain a sustained rally despite the positive macro news suggests more price weakness lies ahead.