Crypto Market Awaits Big Move as BTC and ETH Prices Remain Stagnant

1 min read
Source: Cointelegraph
Crypto Market Awaits Big Move as BTC and ETH Prices Remain Stagnant
Photo: Cointelegraph
TL;DR Summary

Bitcoin's price has remained flat at around $28,000, with increasing order book liquidity on either side of the spot price offering the market little room for maneuver. Traders are expecting a "big move" soon, with some predicting a breakout for Bitcoin is all but guaranteed. The S&P 500 is also due a breakout, with the direction highly dependent on the Federal Reserve. Liquidity reflects sentiment, and such liquidity moves are apt to "dampen" price volatility.

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