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Guavy AI Editorial TeamSentiment: -2Clout: 75

Bitcoin Stagnant as Altcoins Surge

Bitcoin's price has been trading within a well-defined range for several weeks, but altcoins are showing signs of life.

The largest cryptocurrency, BTC, remains range-bound between $62,500 and $71,100, with its price cooling off in Asia hours on Thursday after testing $70,000.

This trading range has persisted since early February, and it's worth noting that a similar range was broken to the upside in January, only to result in a sharp decline. This has left some traders wondering if BTC is due for another downturn.