Bitcoin continues to float around $29,000 with little volatility and seeking a catalyst for the next price rally.
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The world’s largest cryptocurrency Bitcoin (BTC) has entered a strong consolidation period and has been trading under $30,000 showing little to no volatility over the past few weeks. As of press time, the BTC price is trading at $29,386 with a market cap of $571 billion.
After the Fed commentary recently along with the interest rate hike, Bitcoin has shown little movement and is seeking a catalyst. Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, added that there needs to be a “sustained sentiment shift” for any kind of upside in the market. Speaking to CoinDesk, he added:
“Notably, now that the Fed’s interest rate hike is also priced, the fact that Bitcoin and ETH have both maintained their price levels, should give bulls additional confid

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