Bitcoin’s price has been oscillating within the $60,000 to $70,000 range, occasionally dipping below $60,000. This period has been characterized by limited volatility, with Bitcoin’s price movement largely confined to this range. During this same timeframe, many altcoins have faced severe sell-offs, with some losing over 50% of their value.
Arthur Hayes attributes this prolonged sideways movement to current economic conditions and liquidity trends.·
For the full story, head over to TheCurrencyAnalytics.com.
