Volatility Drops in Directionless Digital Asset Market – eToro Crypto Roundup

Volatility Drops in Directionless Digital Asset Market – eToro Crypto Roundup

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Will sideways trading give way to volatility as Grayscale shares unlock?

A summer lull has descended on the digital asset market, as Bitcoin struggles to find clear direction amidst an ample supply of both bullish and bearish headlines.

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Visa said on Wednesday that more than $1 billion worth of crypto has been spent using their crypto cards in the first six months of the year, Bank of America revealed the creation of a new team dedicated to crypto, and two new crypto companies – Circle and Bullish – announced plans to go public.

Nevertheless, this positivity was countered by news of the anti-crypto campaign in China, where the government has ordered the shutdown of a Beijing software maker suspected of crypto trading.

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