Bitcoin is down at the start of the week, falling to around $29,300, down 1.92% in the last 24 hours. The CoinDesk Market Index (CMI), which measures the performance of the broader digital asset market, is also in the red, down 2.38% to 1,266.87. BTC’s trading range is still relatively narrow, reflecting the cautious attitude of investors. “While the market dynamics of the summer months may be moving towards volatility with lower trading flows, the recent period has been remarkably calm for the top crypto assets in the market,” said Simon Peters, market analyst at eToro. “The softening in price we are currently seeing suggests that investors are looking for positivity to hold on to, but for now we are unlikely to wait and see.”