Key Takeaways
- Bitcoin fluctuated around $77,500 after a sharp midnight breakout from the $76,700 level.
- The total crypto economy climbed by over $20 billion to reach an aggregate market cap of $2.66 trillion.
- Traders await whether bitcoin will test $77,600 next, following a drop in WTI oil to $97 per barrel.
Bitcoin Volatility Tightens Near $77K Resistance
Bitcoin endured another grueling stretch of range-bound consolidation, routinely failing to cement a definitive breakout above the psychological $77,000 threshold. Even after breaching the resistance mark, it struggled to sustain upward momentum. Market data reveal that bitcoin spent the better part of the session suffocated below $77,000, only testing the level shortly after midnight…
