Bitcoin moves sideways around $66,000 amid lack of clear momentum [Crypto Briefing]

[Financial News] Bitcoin was moving sideways around the $66,000 level on the 19th, with no clear catalyst to drive a rally.
According to global digital asset data platform CoinMarketCap, Bitcoin was trading around $66,000 as of 10:15 a.m. that day, down 0.63% over the previous 24 hours. Over the past week, Bitcoin has fallen 1.42%.
In the Korean won market, Bitcoin was trading around 98 million won. Based on global crypto market comparison platform Cryprice, the Korea premium stood at 2.26%.
Bitcoin has recently been fluctuating without a clear direction. On the 15th, it briefly recovered the $70,000 level as expectations for a base rate cut by the Federal Reserve (Fed) grew following a slowdown in the Consumer Price Index (CPI) in the United States, but it retreated to the $60,000 range from the next day.
Kim Ji-won, a researcher at KB Securities, noted, "The sharp downturn in the digital asset market has eased, but prices are moving in a sideways range with no clear momentum," adding, "Share prices of some crypto-related stocks have rebounded recently, yet major altcoins remain weak, revealing a divergence in investor sentiment between the stock market and the crypto market."
Investor sentiment has also chilled. The CoinMarketCap Crypto Fear and Greed Index stood at 11 that day, indicating "extreme fear," down from 12 the previous day. The index ranges from 0 to 100, with readings near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
Around the same time, Ethereum was trading near $1,969, down 0.21% from the previous day. Ripple (XRP) was at about $1.42, a decline of 3.12%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter