Analysts Warn of Headwinds as Cryptos Gain Ahead of CPI Data; Luna Classic Pares Rally

Analysts Warn of Headwinds as Cryptos Gain Ahead of CPI Data; Luna Classic Pares Rally


“While bitcoin’s recent price movements have made headlines, it has remained relatively stable and strong this summer, trading consistently within a band of $18,00-$24,000,” Senter said. “While bitcoin is down by more than 50% from its all-time high, it continues to perform strongly compared to more than a third of the top 100 cryptocurrencies, which are down by roughly 90% from their respective all-time highs.”

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