Bitcoin may rebound in the near term, but the market still lacks the momentum for a sustained rally.
Bitcoin rebounds from U.S. session losses after Donald Trump claims the U.S. trade deficit has narrowed by 78%
Bitcoin drops to $66,000 as U.S. equities retreat after Fed minutes flag potential rate hike.
Slipping under $70,000 could open the door to further downside for bitcoin.
Billions remain parked in bitcoin ETFs amid the market crash, but the apparent resilience hides tougher underlying dynamics.