Bitcoin Stays Under Pressure After Recent Selloff

Core Insights - The S&P 500 is expected to open higher as the market anticipates potential interest rate cuts by the Federal Reserve [1] - Bitcoin is experiencing downward pressure, having reached a seven-month low, influenced by broader risk aversion and uncertainty regarding future interest rate cuts [1][2] Market Conditions - The recent selloff in Bitcoin is attributed to stalled regulatory momentum, institutional outflows, thinning liquidity, and profit-taking by long-term holders [2] - Analysts from Deutsche Bank suggest that the current market conditions are testing Bitcoin's portfolio integration, raising questions about whether the decline is a temporary correction or a more extended adjustment [2]