Bitcoin and Ethereum Face Pessimistic Sentiment Amidst Price Declines

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Following a significant drop in the prices of Bitcoin and Ethereum over the weekend, sentiment toward the two leading cryptocurrencies has turned notably bearish. Bitcoin plummeted to as low as $61.5K, while Ethereum dipped to $2,890, prompting a surge in negative sentiment among market observers. Today, Ethereum witnessed a further decline of 2.5%, exacerbating concerns among investors. Adding to the apprehension, a notable whale who previously bought Ethereum at the bottom in September 2022 has resurfaced, appearing to capitalize on profit-taking opportunities. The whale recently deposited 5,000 ETH to Kraken within the past day, showcasing a strategic move to capitalize

The post Bitcoin and Ethereum Face Pessimistic Sentiment Amidst Price Declines appeared first on The Merkle News.

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