Bitcoin Markets Remain Stagnant Around $570, Although Conditions Are Slowly Improving
We are now in the slowest trading period of the year for both the legacy and cryptocurrency markets, which means volatility and volume should remain light until after the Labor Day weekend in the US. Bitcoin has once again flatlined around the $570 level as the summer doldrums roll on. Traditionally the late August timeframe is the slowest time of the year for the financial markets considering it is the most popular time of year for pre-“back to school” vacationing. Up until recently this phenomenon has avoided the small crypto markets due to a lack of traditional players, although over....
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