Crypto market sentiment hits highest levels since April ahead of latest inflation figures

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City AM

By Darren Parkin The crypto market recovery continues after a poor start to the summer. The price of Bitcoin now seems to have firmly established itself in a narrow consolidation range in the $22,500 to $24,500 area, sitting at just below $23k this morning. That’s down three per cent since this time yesterday but flat over the past seven days, with its relative resilience providing some comfort to investors. Other major cryptocurrencies are also down slightly on Wednesday morning, but broadly up over the past week. The price of Ethereum is $1,685 at time of writing, down around 5 per cent over…

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