Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump.
However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s largest cryptocurrency is just taking a breather.
Bitcoin could just be gearing up for a new jump
After a dizzying climb to its all-time high of $69,000, Bitcoin experienced an equally sharp correction back to $55,000. The massive slump caused a stir in the crypto market, dragging almost every chart into the red and in....