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

📆 12/8/2022 6:49 AM
📰 Crypto_Potato

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

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:

Write Comment

United States United States Latest News, United States United States Headlines

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

Calm Before the Storm? Bitcoin Consolidates at $17K (Market Watch)Bitcoin continues consolidating around $17K, begging the question if this is the calm before the storm.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Slips Below $17K as Altcoins Swimming in Red (Market Watch)Bitcoin slips below $17K after flirting with that level for a few days, while altcoins are mainly in the red today.
Source: Crypto_Potato - 🏆 568. / 51 Read more »