✉news BusinessCrypto first seen 1 d ago, last 9 h ago, peak #1
Bitcoin Slips to Lower End of Trading Range
Original: Bitcoin Hits Lower End of Trading Range as Risk Appetite Wanes
Bitcoin has fallen to the lower end of its recent trading range as investors pull back from riskier assets, Bloomberg reports. The move reflects a broader decline in risk appetite across financial markets, with traders weighing macroeconomic uncertainty and reduced appetite for speculative holdings, leaving the cryptocurrency hovering near the bottom of the band it has occupied in recent weeks.
Why now: Bitcoin's slide toward the bottom of its range signals weakening risk appetite, a concern for both crypto and broader market investors.
Evidence
- Bitcoin Hits Lower End of Trading Range as Risk Appetite Wanes · Bloomberg.com
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