- The crypto market ended the week flat as Bitcoin continues to consolidate below $29,500 while investors digest the latest inflation data that shows that the cost of living is once again on the rise, especially when it comes to energy costs.
At the closing bell, the S&P and Nasdaq were in the red, down 0.11% and 0.68%, respectively, while the Dow finished up 0.30%. Market analyst Crypto Tony is leaning towards a break to the downside, warning on Friday that Bitcoin is “hanging [on] by a thread” to the equilibrium level of $29,300.
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