INSUBCONTINENT EXCLUSIVE:
Bitcoins been clinging to a range between $32,000 and $47,000.Like the little Coinbase QR code that bounced around within the outlines of
your TV during the Super Bowl, Bitcoin's been stuck in a stubborn trading range for months
fall, according to Brett Munster at Blockforce Capital
$47,000, and most are currently holding their coins at a loss
They seem to be using every bounce as an opportunity to take some chips off the table with so much uncertainty surrounding its ability to
banks start to lift interest rates and Russia's war on Ukraine stirs all manner of anxiety
Bitcoin, the largest digital asset by market value, has lost 15% since the start of the year and is down roughly 40% since its November
part mirrored moves of the U.S
stock market, where consternation over the war in Ukraine, diminishing growth prospects and skyrocketing commodities prices are blunting
Investors have pruned many of their riskier bets, including in digital-asset markets, though a long-awaited crypto executive order from the
options trading at the crypto exchange
Some more-active institutional investors might be making opportunistic moves
a lack of catalysts to drive further investments into the space, Chou added
While some investors are coming in now, there's still a lot of global uncertainty so some participants will hold their money in cash until
there's a positive catalyst.
