Bitcoin Price Stuck Despite Trump's Speech, Consolidation Within Range Likely
CryptoNewsTerminal Staff29 Jul, 2024
Bitcoin Price Stuck Despite Trump's Speech, Consolidation Within Range Likely
Bitcoin's value oscillated during former President Donald Trump's address at the Bitcoin 2024 Conference, as reported by Singapore-based crypto exchange QCP Capital. However, the movement was less significant than anticipated by options traders. Currently, Bitcoin is experiencing low volatility, fluctuating between $67,000 to $70,000. Analysts believe a more substantial catalyst is necessary to drive significant price action, possibly emerging closer to the US presidential election. Since Bitcoin failed to surpass its previous record high, experts anticipate short-term consolidation within the current range.