Bitcoin Hovers Around $28,000

[Grandfit]

Both bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813.
Stock markets in Asia are in the green, with the Nikkei 225 opening 1%.
Bitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. As Kaiko noted earlier this week, bitcoin trading is at its lowest level in eight months after Binance reintroduced trading fees. This is on top of the existing liquidity woes bitcoin currently faces, as fiat pipelines dry up.
Looking ahead to the next week there are a number of economic events that should spur traders’ interest.
John C. Williams, president of the New York Fed, is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher J. Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming tomorrow.
With the U.S. government taking an apparent stand against crypto, traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly.

[Clarerisa]

Bitcoin has a great future indeed

[Richcoop]

Thanks for sharing the update on Bitcoin and the Asian markets! It's interesting to see Bitcoin hovering around $28,000 and ether slightly increasing. The low liquidity and reintroduction of trading fees by Binance seem to have affected Bitcoin's trading activity. Thanks for sharing this news! However, I suggest you guys check out this site (https://www.earnforex.com/forex-e-books/) with free e-books to learn more about trading. I hope that is helpful!

[TyreseJohn]

The upcoming economic events you mentioned, including speeches by key figures like John C. Williams and Federal Reserve governors, can provide valuable insights into the market's direction. It's a dynamic time for the crypto world, with many factors at play.

[Richcoop]

It's intriguing to see how Bitcoin is holding steady around the $28,000 mark, especially with the recent developments in the cryptocurrency market. While Bitcoin seems to be in a bit of a holding pattern, it's essential to keep an eye on other exciting projects.
Granimator's innovative approach to decentralized finance (DeFi) has been generating quite a buzz lately. It's fascinating how different cryptocurrencies are affected by various factors, including liquidity, trading fees, and government regulations.
As the U.S. government takes a stance on crypto, it's indeed crucial for traders to closely monitor how these policies unfold.