Market Wrap: Bitcoin Choppy Around $56K, Early Pullback Appears Cooling

  • Bitcoin (BTC) trading around $56,671.15 as of 20:00 UTC (4 p.m. ET). Sliding 5.30% over the previous 24 hours. 
  • Bitcoin’s 24-hour range: $54,790.33-$60,695.91 (CoinDesk 20)
  • BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.

Bitcoin trading on Coinbase.
Source: TradingView

Bitcoin on Monday suffered its biggest single-day price decline in more than two weeks, after the fizzing of a retail trader-driven rally over the weekend that…


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