Bitcoin Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%

📆 8/1/2023 1:14 AM
📰 CoinDesk

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Bitcoin was hovering just over $29.2K, roughly flat and firmly in its recent range, as investors considered an SEC lawsuit against HEX and the continuing aftershocks of an exploit against Curve. Several other altcoins were down more. JPRubin23 writes

In an email to CoinDesk, Dave Weisberger, the CEO and co-founder of algorithmic-trading platform CoinRoutes, noted altcoins downward drift following the HEX suit, although he added that it involved a"misappropriation of funds" and did not indicate anything structurally wrong with the broader market.

“In general, we’re in the dog days of summer and in turn seeing relatively low volumes for Bitcoin along with Ethereum," Weisberger also wrote, but added that"larger-size buyers" seemed to be accumulating bitcoin as the price recently dropped.See more:

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