Bitcoin (BTC) settled around $8,000 as its new tier of stability, but now this position is once again shaky. BTC traded at $8,025.79 on Thursday, bouncing off from yesterday’s low at $7,985.79.
BTC trading volumes remained above $15 billion in 24 hours, boosted by a 65% share of Tether (USDT) trading. Currently, futures and crypto-to-crypto markets serve for BTC price discovery, and the small-scale spot fiat markets, as well as mainstream investment products, have a limited impact.
Once again, when BTC enters a period of stagnation, several scenarios are usually proposed. This time, BTC is seen as dipping as low as $6,000, before staging a strong ...