Bitcoin (BTC) rose during the European morning on Monday, peaking at around $63,200, before retreating below $62,800. BTC may be again trying to rally above $64,000, of which there have been numerous instances this month, all of which have been sold off. This behavior, along with transaction numbers plummeting, points toward a consolidation in the market and the possibility of bitcoin being range-bound for the time being. At the time of writing, bitcoin is 2.34% higher in the last 24 hours at $62,543. The CoinDesk 20 Index (CD20), which measures the broader digital market, has added 1.1%, with the likes of ETH and SOL showing more modest gains, trading just below $3,000 and $150 respectively.
10 Essential Features to Consider Before Choosing the Perfect Crypto Exchange Script
The cryptocurrency market has experienced exponential growth over the past decade, with its global market capitalization surpassing $3 trillion in...
