Bitcoin failed to produce any gains and is, in fact, losing grounds in an otherwise incredibly uneventful week.
The market has been relatively calm throughout the past seven days, and it failed to deliver any substantial increase in most of the cryptocurrencies, including Bitcoin.
Starting with the BTC price, it’s more or less where it was this time last week – slightly below $26,000. To be fair, the cryptocurrency is down around 0.8% over the past seven days, and it wasn’t for the past day, the week looked as if it never happened. The price hovered around $26K in search of a direction and never finding it. This all seemed about to change yesterday evening when BTC shot up to $26,500.
The same is true for most of the cryptocurrencies, all of which chart either very slight increases or decreases within the past seven days, all in the range between -2% and +2%, with no exceptions from the top 20. With US holidays happening and the beginning of September generally being a time when a lot of people are still on vacation away from work, there haven’t been any major developments. In some more notable headlines, Ripple pushed for an important update that would see the integration of two major features on its network. It has to pass approval by the validating community, though, which is a relatively long process.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:There’s no telling when that direction will be found, though. The volatility is currently absent, which tends to happen during bear markets. But on the bright side – when things are calm, interesting products are being built, paving the way for the next big push forward.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eco-Friendly Green Crypto Alternative To Bitcoin Launches Presale - Unveiling Bitcoin BSC (BTCBSC)Eco-Friendly Green Crypto Alternative To Bitcoin Launches Presale - Unveiling Bitcoin BSC (BTCBSC)
Read more »
Eco-Friendly Green Crypto Alternative To Bitcoin Launches Presale - Unveiling Bitcoin BSC (BTCBSC)Eco-Friendly Green Crypto Alternative To Bitcoin Launches Presale - Unveiling Bitcoin BSC (BTCBSC)
Read more »
Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winterRemember when the Super Bowl had nothing but crypto ads?
Read more »
Bitcoin’s Low Volatility Keeps Crypto Prices Under PressureDigital assets continue to exhibit low levels of volatility as traders remain on the sidelines. It's not good for crypto.
Read more »
How Tesla and Bitcoin Alike Will Benefit from Radical New Crypto Accounting RulesThe Financial Accounting Standards Board voted through a change to how digital assets are valued with the potential to accelerate institutional adoption.
Read more »
3 Stocks to Gain Safe Exposure to Crypto as Bitcoin Gears Up for a RallyStocks Analysis by Investing.com (David Wagner) covering: BlackRock Inc, PayPal Holdings Inc, Block Inc, Bitcoin. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »