Deribit Predicts Continued Range Trading for BTC
Publication Time:2024-07-30 18:51:05
Crypto exchange platform Deribit, in its latest market analysis report, indicated that Bitcoin's trading activity is persisting within a predetermined price range, a phenomenon that starkly contrasts with the series of political assertions surrounding Bitcoin. Despite these political developments garnering significant market attention, trading volumes were relatively low over the weekend, suggesting a more reserved response from market participants. Notably, proposals regarding Bitcoin as a reserve asset and criticisms aimed at SEC Chairmen have not had a substantial impact on the market. Deribit's analysts predict that under the current market conditions, Bitcoin will continue to oscillate within its existing price range, with little expectation of significant price movement in the short term.
Bitcoin
Deribit
Trading Activity
Range Trading
Political Dynamics