Bitcoin Cash - (N/A). 0.06 0.3 2418.We had mentioned quite a few reasons for this consolidation and that includes the steadying of the dollar against many of the currencies and also the fact that a lot of liquidity is flowing into the other currencies like the euro and the pound which has been taking the focus away from bitcoin for the short term.
It should be one of the tightest ranges in the bitcoin prices for quite some time and this shows that the market is probably coiling itself for the next big move.
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Signs the battered buck may be entering an upswing, according to B. of A.What currency analysts worry about as Trump threatens to scrap Nafta.This is likely to continue for the next couple of days or so before attention turns back to bitcoin and then we are likely to see the volatility returning to the bitcoin market.