Hey crypto enthusiasts! 🌟

🔹 **Bitcoin (BTC)** remains in a tight range since August 8, hovering between $58,000 and $62,000. Negative funding rate in futures reflects uncertainty among traders.

🔹 **S&P 500 and gold** near all-time highs, while BTC fails to maintain momentum, falling 19.5% below its March peak.

🔹 Sentiment towards BTC is affected by a lack of regulatory clarity in the US and positive economic data that strengthens the stock market.

🔹 Demand for crypto in China has fallen, with USDT trading at a 0.2% discount.

📈 Although BTC faces challenges, a breakout is not out of the question! What do you think? Leave us your comments!