Bitcoin is inching higher after yesterday's losses as the largest cryptocurrency struggles for direction.
Events and risks that could drive Bitcoin this week Bitcoin is inching higher after yesterday's losses as the largest cryptocurrency struggles for direction. While October is historically a strong month for Bitcoin , that hasn’t been the case so far. Instead, Bitcoin has been range-bound in choppy trade for the past seven days, highlighting the lack of a clear, near-term trend. Ripple price shows signs of weakness Ripple price stabilizes around $0.
This bearish price action is further supported by on-chain data, which show a spike in the Network Realized Profit/Loss metric and a decrease in daily trading volume, hinting at a decline ahead. Equity weakness dampens crypto investment appetite The cryptocurrency market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite among investors, sparking a sell-off in bonds and equities.
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