The cryptocurrency market fell to start the week as traders digested the latest in the SEC’s legal battle with Ripple and looked ahead to a batch of new economic data.
Get Southern California news, weather forecasts and entertainment stories to your inbox."It feels like fatigue, and with general pullback in liquidity from market makers any move lower tends to be more volatile," said Darius Tabatabai, co-founder of Vertex Protocol.""That said, the environment is challenging with volumes still low overall and users not returning to crypto in droves as of yet.
Bitcoin remains stuck in a tight range. It has spent most of the year between $25,000 and $30,000 and because it continues to suffer from a dearth of liquidity and volume in the market, rallies back to the higher end of that range have been weak and failed to hold. Movements both higher and lower without clear catalysts also tend to be exacerbated as a result of the weak volume.
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