Cryptocurrencies traded lower on Thursday as regulatory concerns resurfaced. Bitcoin broke below initial support at $34,000 and is down about 5% over the past 24 hours. The cryptocurrency could stabilize around $30,000, which is the bottom of the month-long trading range.
There is a lack of a “real catalyst or market-moving events right now,” wrote QCP Capital in a Telegram chat. “We expect volatility to remain under pressure until mid [to] late August.”
“With BTC, we have seen…
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