Altcoin Price Action Heats Up as Bitcoin Consolidates
Bitcoin's price has been stuck in a narrow trading range between $83,000 and $85,000. This consolidation is characterized by limited directional conviction, with the former level serving as strong support after a dip earlier today.
The major altcoins are performing unevenly. Ethereum (ETH) fell below $2,700, while Chainlink's (LINK) price plummeted over 7%. On the other hand, NEAR and QNT saw gains.