Bitcoin surge loses momentum as indicators signal potential downturn
The Bitcoin price surge that occurred on Sunday night has stalled near $79,400, showing signs of exhaustion, with several indicators pointing to potential short-term weakness as the price returns to around $77,000. The Coinbase premium index has turned negative for the first time since April 8, indicating a shift in demand from US investors, according to data from Coinglass. This index, which mea…