Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million. 

June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst calendar months on record according to a recent report from cryptocurrency research firm Delphi Digital.

BTC/USD monthly candles vs. MoM%…

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