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Bitcoin Price Struggles to Mount Recovery as Chinese New Year Saps Trading Volumes
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Bitcoin Price Struggles to Mount Recovery as Chinese New Year Saps Trading Volumes

Heading into Thursday evening, the cryptocurrency market continues to feel uncomfortably quiet, with the Bitcoin price consolidating below $3,400 during the final days of the Chinese New Year celebration — an event that some analysts say is depressing crypto trading volumes.

In the altcoin markets, Bitcoin SV staged a pivot back above $60, still failing to recapture its former #10 position in market capitalization. Basic Attention Token jumped 10% today. Ethereum hasn’t done much either way. Is the pricing of most tokens about to become much more accessible to retail investors? From where we stand today, there’s not much evidence to the contrary.

On a side note, as discussed yesterday, Ripple made an announcement this morning – but it failed to boost the XRP price.

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