(12/13, Tue) btc kept moving sideways around $17k

Yesterday(12/12 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $17081, its lowest as $16870, its highest as $17229, its closing as $17198. Bitcoin declined after Monday's start, hitting a low at 02:45, and continuing to rebound thereafter, reaching a high just before the market close and ending 0.7% up.

Looking at the 4hr chart, Bitcoin, which had been moving sideways around $17k over the last weekend, fell below $17k after new week started and then recovered again, which seems to have followed the rebound of the stock market. On the daily chart, it has continued to move sideways over the past 12 days, and without an increase in buying volume, it is not easy for bitcoin price to rise.

There is news in the crypto industry, it is said that federal prosecutors at the US Department of Justice are considering whether to file criminal charges against Binance and its CEO. Binance is reportedly suspected of violating the Money Laundering and Sanctions Act, which could be another major risk in the crypto market following the bankruptcy of FTX, and investors are to be cautious.