Investing.com–Bitcoin price climbed on Monday but remained largely rangebound despite optimism over potential interest rate cuts by major central banks this week and weakness in the dollar.
rose 1.5% in the past 24 hours to $69,253.8 by 08:18 ET (12:18 GMT). But the world’s largest cryptocurrency remained well within a $60,000 to $70,000 trading range established since mid-March.
Bukele re-election brings little price action amid few Bitcoin references
Bitcoin saw little price action even as El Salvador President Nayib Bukele- who had adopted the cryptocurrency as legal tender in 2021- was re-elected for a second term over the weekend.
Bukele was regarded as a major figurehead in the crypto space over his legalization of the token, and had also regularly used the country’s treasury to purchase the token from the open market.
But…
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