Bitcoin’s price movements continue to be somewhat underwhelming for the past few days, as the asset stands calm at just under $38,000.
Most altcoins are also more sluggish today, with minor gains charted by Chainlink and Tron from the larger caps.
BTC Stalls Beneath $38K
Bitcoin’s week was quite volatile, fueled by the recent developments on the Binance-US authorities front. The Department of Justice announced a massive settlement deal with the world’s largest exchange that saw the latter pay $4.3 billion without admitting guilt, and its CEO and founder – Changpeng Zhao – had to step down from his position.
As a response, BTC dumped to a weekly low of $36,600 before it bounced off rather immediately by a grand. More fluctuations followed, and the culmination came on Wednesday when the bulls initiated a notable leg-up that drove bitcoin to an 18-month peak of $38,500.
However, the asset failed to maintain its momentum and retraced back down to under $38,000, where it has been
We współpracy z: https://cryptopotato.com/these-are-this-weeks-top-performers-as-bitcoin-price-stalls-below-38k-weekend-watch/
