Bitcoin, Altcoin Interest match October 2020 lows
If one word summed up the state of the market, then “mundane” would be perfect. With volatility hovering around lows, top cryptos have been trading within tight, rangebound regions on the price charts. Resultantly, there has hardly been any action over the past few weeks. Bitcoin has noted a minor 1.3% decline in the 7-day period, while Ethereum has registered an inclination of roughly the same figure. ‘Apathetic’ period The effect of the same was seen in the lack of demand for crypto-centric investment products. Per CoinShares’ latest weekly report, the said category of assets noted outflows summing up to $5 million last week, in a continuation of the “apathetic period” that began in September. As far as the macro picture is concerned, the report highlighted, “ Investment product volumes which were US$758m, the lowest since October 2020 and far off the average of US$7bn a week seen this time last year. “ Source: CoinSha...