The weekly pattern for crypto markets continues. After slight volatility this week, with Bitcoin holding at $19k and Ethereum staying above $1,300, the trading volume and price action drop dramatically this weekend as the market decides to lay low. Key Points: The global cryptocurrency market remains in the bearish territory with dropping volume and a valuation below $1 trillion. Bitcoin’s fear and greed index are at 20 points, signaling extreme fear this Saturday. The dropping trading volume suggests a low volume pullback technical correction likely to last until Monday. The long-term potential for Bitcoin, Ethereum, and crypto markets remains bullish,
The post Unsurprisingly, Bitcoin and Ethereum Hold Support With Little Price Action This Weekend appeared first on The Merkle News.
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