We saw Bitcoin changing hands between $29,000 and $31,000 this week as buyers started to react to the oversold conditions. Even though Bitcoin has been on a bearish consolidation since early April, it has been trading in a tight zone since mid-May.
The largest crypto by market cap has been struggling to break over the $31,000 level, indicating the low-risk appetite among the crypto traders since the market and investors have still not recovered from the crash of the previous month.
Even though Bitcoin managed to hover around the $30,000 mark throughout the week, it was a bit of a volatile week, but on a larger time frame, the market remained largely consolidated. The coming week could be crucial for the cryptocurrency market in terms of the momentum.
Did you Know?
Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
Bitcoin mining has also been impacted due to the downward trend in the market,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...