Bitcoin consolidates near $29,300 as stocks climb ahead of retail sales data

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Bitcoin consolidates near $29,300 as stocks climb ahead of retail sales data Bitcoinprice BTC crypto

- Volatility spiked in the crypto market on Monday but had little effect on the macro picture as Bitcoin continues to trade in a narrow range while altcoins stagnate in the absence of any major developments.

At the closing bell, the S&P, Dow, and Nasdaq all finished in the green, up 0.58%, 0.07%, and 1.05%, respectively. MN Trading analyst Gunter Lackmann also noted Bitcoin’s stagnant price action in the latest edition of the Trade Letter, saying, “Bitcoin has mainly remained flat since last week with only little ups and downs.”“With the push up last Tuesday, hopes for an AMD [accumulation, manipulation, distribution] pattern playing out were kindled briefly, but price has since dropped back under $29.5k,” Lackman said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$29 million flowed into digital asset investment products last week, led by BTCDigital asset investment products broke the three-week streak of outflows last week as total assets under management increased by $29 million, led by BTC inflows.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »