Trading just below $79,000 in midday U.S trade Monday, bitcoin BTC$78,961.48 has bounced from its worst weekend level below $75,000.
At $78,700, BTC is higher by 2% over the past 24 hours and up 7% from its weakest price of the weekend, but still down more than 10% on a week-over-week basis. Ether ETH$2,376.08 is also up about 2% over the past day, but down 19% from week-ago levels.
STORY CONTINUES BELOW
Trending: House Democrat Appears Hundreds of Times in New Epstein Documents
Crypto’s weekend move “broke key short-term support and stood out for its speed and depth, even by typical weekend standards,” said Adrian Fritz, chief investment strategist at 21shares.
According to Fritz, the sell-off was triggered by another round of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!