Market Wrap: Bitcoin Stuck Around $63K as COIN Hype Loses Steam

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3 years ago

Bitcoin (BTC) trading around $63,462.44 as of 20:00 UTC (4 p.m. ET). Climbing 2.14% over the previous 24 hours.

Bitcoin’s 24-hour range: $61,400.58-$63,464.66 (CoinDesk 20)

BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

The excitement around Coinbase’s direct listing appeared to be short-lived and bitcoin’s price movement appears to be stuck within the same range as a day ago when the big U.S. cryptocurrency exchange’s shares started trading on Nasdaq.

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