Bitcoin - Overview as of 04.12.2024

Financial and commodity markets analytics


Bitcoin holds its position, remaining in a range. Against this background, some analysts have recorded bitcoin inflows to cryptocurrency exchanges by large holders. Sometimes such actions precede the sell-off of the asset, but do not make trading decisions based on this information alone. At the moment, the market remains stable and in order to make decisions on transactions, it is necessary to assess the actions of traders and investors, including after the publication of economic data and the speech of Fed Chairman Jerome Powell in the United States on Wednesday.