Bitcoin Stagnates Below $17K as Extreme Fear Returns to Crypto (Market Watch)

📆 8/12/2022 8:49 PM
📰 Crypto_Potato

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The cryptocurrency market returned to a state of extreme fear as Bitcoin continues to stagnate below $17K.

The cryptocurrency market has failed to produce any meaningful movements in the past 24 hours and is found more or less where it was yesterday.Prolonged periods of diminished volatility are not typical in the cryptocurrency market and are usually a precursor to a big move.

That said, Bitcoin’s price has been trapped within a fairly narrow range over the past couple of weeks, unable to break out in any direction. At the time of this writing, the cryptocurrency trades at $16,800 – exactly where it was yesterday.The BTC dominance also remains the same as yesterday, highlighting the lack of activity from market participants and the overall state of stagnation.This is all you need not to miss any price action in the raging crypto markets.

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