Bitcoin price has steadied in a tight range these days.

Bitcoin price has steadied in a tight range these days. The digital currency is trading marginally below the $60,000 figure that represents the immediate upside hurdle on the way to fresh all-time highs last seen at $61,745 in mid-March. Following that spike, the coin retreated, to find support at the $50,000 psychological handle on March 25. Since then, the prices are trending modestly higher but still refraining from a decisive recovery above $60,000. The volatility in the market has decreased substantially as of late, making bitcoin potentially more appealing to institutional investors in the longer run. On the negative side, Singapore once again warned the public about the risks of trading cryptocurrencies like bitcoin, highlighting that digital assets are certainly not suitable for retail investors.