Bitcoin in Search of Direction, Crypto Market Paralyzed This Week: Your Crypto Recap

The market has been relatively calm throughout the past seven days, and it failed to deliver any substantial increase (or decrease) in most of the cryptocurrencies, including Bitcoin.

Starting with the BTC price, it’s more or less where it was this time last week – slightly below $26,000. To be fair, the cryptocurrency is down around 0.8% over the past seven days, and it wasn’t for the past day, the week looked as if it never happened. The price hovered around $26K in search of a direction and never finding it. This all seemed about to change yesterday evening when BTC shot up to $26,500. The bulls were completely unable to maintain the momentum (if it can be called that), and the bears pulled it back below $26K, where it currently trades.