Stocks dropped but bitcoin (BTC) continued its stodgy ways in Tuesday trading.
The largest cryptocurrency by market capitalization was recently trading near $27,200, up 1.1% over the past 24 hours. Bitcoin topped $27,400 shortly before European equity markets opened. For nearly two weeks, BTC has stood range-bound between $26,500 and $27,500 as investors fret over ongoing crypto regulatory issues that have sapped liquidity from markets and macroeconomic uncertainties, including the recent U.S. debt ceiling stalemate.
“After the market tumult of 2022, sideways movement has felt a lot better than downward movement,” Tim Frost, CEO of digital wealth platform Yield App, quipped in an email to CoinDesk, although he
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