Bitcoin’s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan’s re-election as president of Turkey, K33 said in the report.
Source: https://www.coindesk.com/markets/2023/05/31/first-mover-asia-nearly-275-million-in-ether-burnt-this-month-as-it-continues-deflationary-trend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines