Bitcoin is down to start the week, dropping to around $29,300, a decrease of 1.92% in the last 24 hours. The CoinDesk Market Index (CMI), which measures the performance of the broader digital asset market, is also in the red, down 2.38% at 1,266.87. BTC’s trading range is still relatively narrow, reflecting the cautious stance of investors. “Although market dynamics in summer months can tend toward volatility with lower trading flows, the recent period has been remarkably calm for top crypto assets in the market,” Simon Peters, a market analyst at eToro said. “The softening of the price we’re watching currently suggests investors are looking for positivity to cling to, but with little forthcoming for now it is very much wait and see.”
Related posts
-
Self-proclaimed Bitcoin inventor Craig Wright faces perjury investigation: report
Self-proclaimed Bitcoin inventor Craig Wright was reportedly referred to U.K. prosecutors for alleged perjury after a... -
Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3... -
Mt. Gox moves 96.39k Bitcoin to unmarked addresses, fueling selloff concerns
Addresses affiliated with bankrupt exchange Mt. Gox recently moved 96,396 Bitcoin (BTC) worth over $6 billion...