Bitcoin (BTC) continued its consolidation over the weekend, oscillating between $94,000 and $99,000. BTC has been sluggish for weeks and experienced yet another quiet weekend, with the price tethered under $100,000.
Bitcoin (BTC) is down just over 1% over the past 24 hours, starting the week on a bearish note. The flagship cryptocurrency trades just above the $96,000 level as traders wait for news that could move the price.
Bitcoin (BTC) registered a jump to an intraday high of $98,929 after it emerged that one of Abu Dhabi’s sovereign wealth fund holds $436 million in Bitcoin ETF holdings, according to a filing with the United States Securities and Exchange Commission (SEC).
Bitcoin (BTC) is down almost 2% in the current session as it continues to be bogged down by waning investor sentiment and lower risk appetite. The flagship cryptocurrency is trading just over $96,000, as buyers look to prevent a further decline.
Bitcoin (BTC) continued its sluggish performance, dropping nearly 2% on Tuesday as a key support level fell away, allowing sellers to drag the price to an intraday low of $94,903. BTC has since recovered and is trading around $96,200.
Bitcoin (BTC) and the crypto market have recovered this week, with the flagship cryptocurrency trading just above $98,000. BTC is marginally up over the past 24 hours as it looks to build momentum and reclaim $100,000.
Bitcoin (BTC) has been marginally up over the past 24 hours. The weekend did not witness significant price action, and several factors hindered market sentiment and risk appetite.
Bitcoin (BTC) rallied to push above the $100,000 mark briefly but lost momentum following a mixed jobs report that showed lower levels of unemployment yet slowed job growth in the US economy.
Bitcoin (BTC) remains sluggish as it remains tethered below $100,000, with bulls unable to build momentum. The flagship cryptocurrency is down just over 1%, trading around the $97,600 price level.
Bitcoin (BTC) is gaining strength, with the price climbing above $99,000, up by 2.44% as buyers look to reclaim $100,000 and kickstart a move towards $105,000 and beyond.
Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
