Investing.com– Bitcoin’s price moved marginally higher on Thursday, steadying after steep declines over the past two sessions as traders awaited a slew of upcoming economic data to determine crypto’s next leg of movement.
The world’s largest cryptocurrency fell sharply on Tuesday and Wednesday after the movement of nearly $2 billion tokens between the wallets of a major crypto exchange rattled traders with the prospect of another major sale event.
Signs of dwindling capital flows into crypto also saw Bitcoin remain within a trading range seen for most of this year, even as the price logged wild swings in recent sessions.
added 0.6% to $60,478.0 by 09:09 ET (13:03 GMT), steadying after falling as low as $58,000 earlier in the week.
A drop in the shares of market darling NVIDIA Corporation (NASDAQ🙂 also undermined risk appetite, which left crypto prices struggling to make headway.