The price of Bitcoin is holding strong at just above the $30k mark this morning, roughly flat over the past 24 hours.
It means the largest cryptocurrency stays close to the middle of the price range it’s been stuck in for much of the past month between $28k and $31,500. What will it take to break out of the cycle?
Also Read: London has world’s highest number of crypto businesses, and is in top 10 for job opportunities
It’s a similar story for other major cryptocurrencies too, with only Cardano registering a gain above one per cent this time yesterday.
As noted yesterday, crypto markets and equities have been moving in different directions recently after being closely correlated in their performance for much of the year. The trend seems to be continuing, though in a more positive direction for crypto than last week when crypto was falling as stocks went up.
Also Read: Bitcoin price up as crypto market rally continues
The S&P 500 and Nasdaq both saw drops of about one per cent yesterday.
Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!
The Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.
Also Read: $68,000 Bitcoin and other Firsts: Cryptocurrency in 2021
We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.
