Following
the
Bitcoin
halving
in
April,
analysts
and
investors
remain
on
the
edge
of
their
seats
in
anticipation
of
a
major
price
breakout
by
the
maiden
cryptocurrency.
While
Bitcoin
did
rise
to
$71,443
in
the
past
week,
the
token
soon
suffered
a
retracement
falling
as
low
as
$66,936. 

Related
Reading

BTC
Price
Overview 

Bitcoin
is
currently
trading
at
$68,720,
marking
a
2.27%
gain
in
the
last
day,
a
2.31%
gain
over
the
past
week,
and
a
6.90%
increase
in
the
last
month.
Despite
these
gains,
its
daily
trading
volume
has
dropped
by
45.68%,
now
valued
at
$24
billion.
BTC
is
also
6.94%
below
its
all-time
high
of
$73,750.

The
recent
price
rise
amid
declining
trading
volume
suggests
cautious
investor
sentiment,
with
Bitcoin
consolidating
within
a
narrow
range
as
the
crypto
market
leader
once
again
approaches
significant
resistance
levels.

 

Featured
image
from
The
Economic
Times,
chart
from
Tradingview

Go to Source
Author: Semilore Faleti

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