Bitcoin Price Paralyzed Around $26K, Market Searching for Direction (Market Watch)

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Bitcoin failed to move at all in the past 24 hours, but so did most of the altcoins. There are some exceptions, though.

The past few days have been completely devoid of volatility, and the market is undeniably searching for direction. The trading volume is also on the low, while most cryptocurrencies have remained entirely flat for the past 24 hours.To say there’s been no action during the past day would be an understatement, as it can clearly be seen in the chart below.Bitcoin’s price has already erased all the gains that were charted previously because of optimism around a potential approval of a Spot BTC ETF.

The price is stuck below $26K, and during the past 24 hours, the bulls did little to change that. The bright side is that there’s no selling pressure on behalf of the bears, too, if you can call that a bright side.The overwhelming majority of altcoins have also been completely unable to produce any action throughout the past 24 hours. This is clearly seen in the heatmap posted below.This is all you need not to miss any price action in the raging crypto markets.

 

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