Cryptocurrency Market Stuck in Sideways Trend Ahead of Autumn Legislation

The cryptocurrency market has been stuck in a sideways trend since early June, with its capitalization hovering around $2.19T.

This is not uncommon for markets during range-bound periods, as traders tend to tighten their stop losses and increase leverage.

However, large volumes often emerge towards the end of such periods as major players build positions around a particular market view.

In this case, they may be anticipating cryptocurrency legislation later this autumn following the congressional recess.