Bitcoin (BTC) price rangebound in thin volume as traders rotate into metals: Crypto Markets Today
The crypto market extended its narrow trading range into Tuesday, restricted by a low volume and a low-liquidity environment.
Daily trading volume for bitcoin fell by 25% to $35 billion over the past 24 hours and ether volume shrank 21% to $24.6 billion.
A decline in volatility can be attributed to general crypto market apathy, which has occurred alongside a euphoria-inducing rally in precious metals.
Gold currently trades at $5,085 after making a series of record highs over the past week, while silver is up by more than 57% since the turn of the year as traders flock to haven assets.
The rotation into metals can be seen clearly on derivatives exchange HyperLiquid, with silver futures now nearing $1 billion in…
