Published by
Benzinga
Benzinga
Major cryptocurrencies were experiencing a downward trend on Sunday evening, reflecting a consolidated market in the midst of a prolonged period of monotonous trading activity. What Happened: BTC’s performance this year has been impressive, nearly doubling in price. However, it has faced challenges in maintaining a steady price above $30,000 in recent months. Since April, and particularly since mid-June, Bitcoin has encountered sudden reversals whenever it has attempted to surpass the $30,000 threshold. FTX founder Sam Bankman-Fried has been sent to jail prior to his October trial on multiple …