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ep representacion de bitcoin y ethereum
Bitcoin and cryptos embark on consolidation as trading volume declines

Friday marks another day of consolidation for the cryptocurrency market, with major tokens extending their rest after last week's market swings. The arrival of December imbues calm in the digital asset market, as Bitcoin is firmly anchored in a short-term range between $56,000 and $59,000, while support and resistance remain at $55,500 and $60,000, respectively.

02 Dec
bitcoin rojo caida portada
Bitcoin holds $56,000 but fails as a risk hedge against Omicron

Bitcoin remains in the trading range it was encapsulated in this week, with support around $55,500 - $56,000, while resistance is at $60,000. The queen of the 'cryptos' lived through a day on Wednesday that is almost a carbon copy of the previous one, with limited rises above $59,000 and moderate sales caused by the headlines coming from the US.