Bitcoin Steady at $29.2K as Market Dormant in Asia Session

The largest cryptocurrency by market cap is likely to remain stubbornly rangebound a little above $29,000, a number of analysts are saying. Both Bitcoin and Ether remained flat during the Asia trading session, with the world’s largest digital asset up 0.32% to $29,186.24 and Ether down 0.18% to $1,832. For the last few weeks, the crypto market has been fairly flat after excitement about a new series of bitcoin exchange-traded fund (ETF) applications subsided. Recent data from Glassnode suggests a decrease in long-term Bitcoin holders. ADA, SOL and MATIC, the tokens of smart contracts platforms, Cardano, Solana and Polygon, were all recently off more than 2.5%.

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