With Bitcoin price stuck near $22,300 since the massive liquidation on Friday, traders face difficulty deciding their next move amid the U.S. regulatory crackdown on crypto.
BTC price fell 0.27% in the last 24 hours, with the price currently trading at $22,372. The 24-hour low and high are $22,331 and $22,497, respectively.
The macro events haven’t impacted the Bitcoin price in the last 3-4 days, but traders await key events that can further push prices downwards.
The U.S. Dollar Index (DXY) has also fallen below 104.50, but the crypto market hasn’t responded. A further decline in DXY can bring recovery into the crypto market.