Bitcoin starts a new week in a volatile state as the world wakes up to a new U.S. president—what lies in store for cryptocurrency markets? The weekend proved to be a cap on Bitcoin’s rapid gains from the previous week. As Modern Consensus reported, the largest cryptocurrency kept rocketing upwards, passing $15,000 on Friday and going to hit $15,950—its highest since January 2018.
Bitcoin ends another working week’s trading with surprisingly little volatility, but macro factors may mean the market does not stay calm for long. Friday began with Bitcoin exhibiting the same price behavior as it had done throughout most of the week—an increasingly narrow trading corridor below $12,000, marked by support at $11,500.