{"id":403654,"date":"2023-05-31T22:57:38","date_gmt":"2023-05-31T22:57:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=403654"},"modified":"2023-05-31T22:57:38","modified_gmt":"2023-05-31T22:57:38","slug":"bitcoin-price-holds-at-27100-the-crypto-king-is-stuck-in-a-rut","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-holds-at-27100-the-crypto-king-is-stuck-in-a-rut","title":{"rendered":"Bitcoin Price Holds At $27,100 – The Crypto King Is Stuck In A Rut"},"content":{"rendered":"
Bitcoin (BTC<\/a>) price impressed traders and investors last weekend, rallying almost 10% with a newly found bullish momentum. However, there has not been much activity for the king crypto<\/a> since then, as it was stuck in a rut with no directional bias.<\/p>\n The stall seems to have given bears a chance to recover the market, with Bitcoin recording a daily drop of almost 3% to auction for $27,137 as of the time of writing. Notably, more than 50% of the ground covered in the weekend rally has been cleared, with more losses in sight for the crypto king.<\/p>\n Meanwhile, Bitcoin price recently hit a $70,000 high on the decentralized exchange (DEX<\/a>) PulseChain, recording a flash surge that saw BTC rise from its current price range of around $27,000. The report came after the Dexscanner platform provided real-time insights into liquidity and trading volumes across decentralized exchanges, noting a trading volume nearing $19.8 million in the preceding 24 hours on May 24 as a trading frenzy ensued.<\/p>\n Good news #Bitcoin<\/a>. You hit a $70,000 new all time high on PulseChain. https:\/\/t.co\/Zpqj7MlWam<\/a> pic.twitter.com\/OqRq2jnCRO<\/a><\/p>\n — Richard Heart (@RichardHeartWin) May 24, 2023<\/a><\/p><\/blockquote>\n While the price surge lasted a meager 10 minutes after a 20-minute run, it starkly contrasted Bitcoin’s spot value. (Compare the two charts featured in this article).<\/p>\nBitcoin Price Creates Stark Contrast Between Pulsechain DEX And Spot Market Value<\/h2>\n
\n