Investing.com– Bitcoin price fell on Monday, extending a sell-off seen over the weekend as sentiment towards crypto markets remained frail following a deep rout over the past month.
Crypto saw some relief towards the end of last week, tracking a rebound in broader financial markets as investors bet that fears of a U.S. recession were overblown.
But this notion ran out of steam over the weekend, with crypto tokens seeing extended selling in the past two days.
fell 1.3% to $59,830.0 by 09:17 ET (13:17 GMT). Trading volumes were also somewhat muted on account of a Japanese market holiday.
Bitcoin rangebound after sliding to $49k
The world’s biggest cryptocurrency was rangebound between $50,000 and $60,000 over the past week, after sinking as low as $49,000 earlier.
Sentiment towards risk-driven markets remained strained, especially in anticipation of key U.S. inflation data…
Read More
