The last time the index rose from extreme lows was in July, which preceded a price rally. This time, however, the rise in BTC occurred on low trading volume, which indicates weak buying power. That could point to a short-term pullback or range-bound price action, especially as regulatory and macroeconomic headwinds remain.
Related posts
-
Over $225,000,000 in Crypto Distributed To Hack Victims of Collapsed Exchange Cryptopia After Years of Waiting
Hundreds of millions of dollars worth of crypto assets are being distributed to hack victims of... -
5 Privacy Coins Face Delisting on Gate.io Exchange
Crypto firm Gate.io has revealed plans to discontinue perpetual contracts for five well-known privacy coins. Gate.io... -
Pepperstone’s CEO Warns of CFD Crypto Exchange Threat
Pepperstone is witnessing a significant increase in cryptocurrency trading among new clients, while its CEO expresses...