Bitcoin is continuing its sideways journey today.
A move to fresh all-time highs above $8,300 earlier this week has been followed by consolidation in the range of $8,000-$8,300.
At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $8,161 levels. According to CoinMarketCap data, the world’s largest cryptocurrency by market capitalization has depreciated by 1 percent in the last 24 hours.
While BTC is holding above the $8,000 mark, the upside is being capped around $8,300.
The muted trading conditions could be in part due to the Thanksgiving holidays in the major markets of Japan and the U.S. Further, concerns about the financial health of Bitfinex, one of the largest exchanges, are possibly having an influence…
Read Full: Thanksgiving Lull? Bitcoin Trades Sideways But Rally May Continue – CoinDesk
