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Market Wrap: Bitcoin Drops to Near $56K as Spot Trading Volume Remains Low

Market Wrap: Bitcoin Drops to Near $56K as Spot Trading Volume Remains Low – CoinDesk

The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000. Bitcoin (BTC) trading around $56,140.49 as of 20:00 UTC (4 p.m. ET). Slipping 3.72% over the previous 24 hours. Bitcoin’s 24-hour range: $55,541.91-$58,645.77 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians.








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