Crypto traders eye ATOM, APE, CHZ and QNT as Bitcoin flashes bottom signs

Crypto traders eye ATOM, APE, CHZ and QNT as Bitcoin flashes bottom signs


The United States equities markets rallied sharply last week, ending a three-week losing streak. The S&P 500 rose 3.65% last week while the Nasdaq Composite soared 4.14%. Continuing its close correlation with the U.S. equities markets, Bitcoin (BTC) also made a strong comeback and is trying to end the week with gains of more than 7%.

The sharp rally in the stock markets and cryptocurrency markets are showing signs of a bottoming formation but it may be too early to predict the start of a new bull move. The equities markets may remain on the edge before the release of the U.S. inflation data on Sept. 13 and the Federal Reserve meeting on Sept. 20-21.

Crypto market data daily view. Source: Coin360

Trending: Banks Already Restricting Cash Withdrawals In USA?

Along with taking cues from the

Continue reading


 

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!

Thanks for sharing!
Send this to a friend