Historically low spot volumes and investor indecision weigh on Bitcoin price
Cointelegraph
Published Jul 17, 2021 05:36PM ET
Updated Jul 17, 2021 07:20PM ET
If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be 'undecided', as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point.
A new report from Delphi Digital took a macro look at Bitcoin's current price action and found that a variety of factors, including low exchange volumes and the strengthening U.S. dollar have weighed heavily on the top cryptocurrency.
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Written By: Cointelegraph
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