Bitcoin remained firmly within the range it has held for much of the past two weeks, recently trading at $27,500 Monday. DOGE soared after Twitter changed its platform's logo to the Dogecoin symbol from a blue bird. _jocelynyang_ reports
) remained firmly within the range it has held for much of the past two weeks, trading as low as about $27,200 and as high as $28,400 Monday.
The largest cryptocurrency by market capitalization was recently trading at $27,500, down over 2% from 24 hours ago. BTC is up nearly 70% for the year after a buoyant first quarter in which investors grew more optimistic about inflation and other macroeconomic issues. Yet, BTC’s price has been unable to ride above $29,000 for more than a few fleeting minutes in recent weeks as investors mull banking failures and fresh economic indicators that have been inconclusive.
“Bitcoin needs a bullish catalyst to break above the $30,000 level, but until some significant use case argument is made prices could consolidate around the mid-$20,000s,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email.
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