Still, bitcoin will need to make a decisive break above the $40,000 psychological barrier to trigger an increase in buying activity. So far, volatility hasn’t been particularly high “taking into account a barrage of largely negative news over the past few days with COVID-19 cases rising and China’s Shenzhen province going into lockdown,” Mikkel Mørch, executive director of ARK36, a crypto investment fund, wrote in an email.
Bitcoin Stabilizes as Altcoins Take the Lead
