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Crypto Markets Show Weariness as Bitcoin Struggles to Rally

Crypto Markets Show Weariness as Bitcoin Struggles to Rally

Bitcoin slumped in October and continues to struggle to gain momentum in November.

That’s according to a report Tuesday (Nov. 11) from Bloomberg News, which noted there are signs of mounting fatigue across cryptocurrency markets after a $340 billion plunge.

The price of bitcoin, the most popular crypto, briefly rose above $107,000 Monday (Nov. 10) before sliding back below $105,000, highlighting the lingering uneasiness following a widespread selloff that wiped out billions in market value.

The coin has yet to find its footing again, the report added. Open interest in Bitcoin perpetual futures was at roughly $68 billion, down from the $94 billion record seen last month.

Flows into exchange-traded funds also show little energy….

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