The crypto market is trading sluggishly within the range it has held for two months, with bitcoin changing hands at $69,000 and ether (ETH) at $2,130.
The range-bound pricing dates back to Feb. 6, with several peaks between $72,000 and $75,000 and troughs between $62,000 and $65,000.
A similar two-month pattern occurred between November and January before a price breakdown, leading analysts to suggest a similar scenario may play out this time around.
Much still depends on the conflict in Iran, with U.S. President Donald Trump’s threats of “obliteration” falling on deaf ears thus far. Brent crude oil remains at $107 per barrel, which will have a knock-on effect on inflation over the course of the year unless it declines.
