Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose

Coindesk | Jul 2, 2020 at 10:24 PM
  • Bitcoin broke below $9,000 Thursday afternoon as the leading cryptocurrency has continued to trade in a tight range just above $9,000 for several weeks.
  • Despite the brief 3% afternoon drop, however, the cryptocurrency markets continue to stay eerily calm as volatility drops and traders continue to expect a big move.
  • Despite the afternoon drop, spot trading volumes were relatively stable relative to the preceding few days.