• markets report bitcoin price
    Bitcoin

    Markets Report: Bitcoin ends a week of ranging amid focus on weekly close above $12,000

    A tour around the $11,000-12,000 corridor comes as institutions bet big on Bitcoin as a hedge against ailing fiat economics.

    Bitcoin began this week in a highly bullish mood, challenging $12,000 resistance twice in 24 hours on the back of a turbulent weekend. Volatility remained, with the final attempt to flip $12,000 to support met by a sudden dip of over $500 in minutes. This set the scene for a return to “ranging” price behavior for BTC/USD — movements can be significant, but always within a defined corridor.