Market Wrap: Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5K
Equities are winning while bitcoin traders experience a dip in crypto volumes.
Bitcoin is back in bullish territory but can the buying last?
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.
Trading volume in the crypto market weakened Tuesday but bitcoin is still holding strong from a recent rally.
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.
There is little to no excitement in the markets today with bitcoin staying steady, which has been the case for its overall price performance the past six weeks.