BTC continues two days of bullish momentum, touching $29,674.
Bitcoin trading volume is lower than Tether after a 34% drop.
Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to a momentarily positive touch of $29,674, which retraced to $29,400 within a two-hour span. As the market turned red after this volatility, questions arose about the future direction of BTC’s price.
Presently, the Bitcoin Price is trading at $29,368, displaying a slight decline of 0.42% in 24 hours. It fluctuated between a low of $29,336 and a high of $29,688.56. Also, the trading volume for Bitcoin has decreased by 34.19% and rests at $11 Billion. It fell below Tether (USDT) on the volume chart, according to CoinMarketCap.
Where Is the BTC Price Headed?
We współpracy z: https://thenewscrypto.com/bitcoins-volume-lower-than-tether-after-34-plunge/
