price fell slightly on Friday while most financial markets stay shut for a public holiday. The largest cryptocurrency by market capitalization is sliding along with risk-correlated currencies and settling back into the middle of the narrow range above the $70,000 mark where it’s been trading throughout the week.
The rangebound trading comes amid tepid flows into the U.S.-based spot Bitcoin ETFs and increased outflows of Grayscale’s GBTC fund. Europe and U.S. stock markets will remain closed on Friday, March 29, in recognition of Good Friday.
Cryptocurrencies saw a modest rally earlier in the week, with Bitcoin (BTC) price soaring above $70,000 for the first time in ten days. This marks a rebound from recent downturns, scoring a more than 7% increase for the week. (ETH) also enjoyed gains, rising by 6% in the same timeframe.
Short-term intraday traders probably viewed the dip as a chance to buy into Bitcoin at an…
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