Latest Bitcoin price and analysis (BTC to USD)
- Date: 11-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Latest Bitcoin price and analysis (BTC to USD)
Bitcoin remains in a tight trading range between $56,400 and $59,700 as it begins to knock on the door of the major $60,000 level of resistance.
The world’s largest cryptocurrency continues to trade much lower than April’s high of $65,000, which came in anticipation of Coinbase’s direct listing on Nasdaq.
While Bitcoin has remained relitavely stable, the altcoin market has flourished with the likes of Ethereum more than doubling in 16 days.
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