Bitcoin continues to trade sideways, and the past 24 hours didn’t bring any deviation from the tight range between $29,000 and $29,500.
Most altcoins are also quiet on Sunday, similar to how they performed on Saturday, except for RUNE and TON.
BTC Boring at $29K
The past few weeks went in a rather uneventful fashion for the typically more volatile crypto asset. This past Monday saw some movements as BTC dipped below $29,000 to mark a weekly low. However, it went on the offensive almost immediately and had surged past $30,000 by the time Wednesday came.
More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet, that wasn’t the case, and BTC remained at just under $30,000, where it had retraced hours before that.
The following several days were quite stagnant once again. Bitcoin stood still within the same tight range between $29,000 and $29,500. Expectedly, the weekend didn’t provide anything different, given the typically lower trading volumes.
Author: Jordan Lyanchev