Crypto Markets Analysis: Bitcoin and ether rise on favorable inflation data, sink amid rumors of a U.S. government sell-off and then climb again as investors shrugged off the tumult. GWilliamsJr_CMT reports
If the approach of summer months has you contemplating roller coaster rides, look no further than today’s crypto markets. .
The ups and downs reflected ongoing uncertainties about cryptos and wider macroeconomic conditions. Investors have remained cautious throughout the spring as they look for spurs to drive bitcoin’s price from its current $25,000-$30,000 range. When the catalysts will appear remains uncertain. In the interim, BTC seems susceptible to smaller, singular events and minor swings in market sentiment, although its rebound Wednesday also offered the latest evidence of its resilience.to 4.
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