Bitcoin capped the week weaker while DeFi crypto locked dipped.
The price of bitcoin was able to muster a rise to as high as $13,663 Friday, according to CoinDesk 20 data. However, the world’s oldest cryptocurrency subsequently lost some steam and settled to $13,354 as of press time.
Michaeal Gord, chief executive officer for trading firm Global Digital Assets, said he expects the bitcoin market to cool ahead of uncertain fundamentals next week. “I think we’ll probably stay sideways until the [Nov. 3 U.S. presidential] election, with most investors taking a wait-and-see approach,” he said.
However, Gord said he anticipates things will pick up amid coronavirus concerns on the global economy.
“As more countries enter a second lockdown, governments will need to print more fiat currency to keep their economies afloat, which I expect to result in an increasing demand for…
