in New York, poised for its fourth straight session of moving less than 1% — the longest run of dormancy since April 5.
All the tranquillity came off a month of a relative stability, something that stood out amid a market selloff that sent stocks and bonds to their worst April in decades.
Crypto assets, just like other riskier areas of the market, have all been weighed down as the Federal Reserve and other global central banks raise interest rates to fight red-hot inflation.
In fact, its average daily change over the past two days is just 0.2%, according to data compiled by Bloomberg.
Nexo co-founder and Managing Partner Antoni Trenchev agrees that Bitcoin’s near-term outlook is “cloudy.” It’s wedded to the Nasdaq 100 and could again test $33,000 soon, he said.