Bitcoin Demand Plummets: Lowest Since October 2024

Bitcoin’s demand momentum has taken a significant downturn, reaching its lowest point since October 2024. This marked decline reflects waning buying interest in the cryptocurrency market. While price movements have stabilized to some degree, underlying caution from traders and investors persists, making sustained upward price increases unlikely until demand rebounds. This bearish trend is evident as Bitcoin demand continues to weaken, with buyers becoming increasingly hesitant. The current trend suggests the cryptocurrency market may be facing a period of stagnation before experiencing any substantial recovery.