The bears’ inability to penetrate that bull-market trendline since Monday suggests they might have to back up a bit and allow a price bounce before making another attempt at extending recent declines. The native token of the Ethereum blockchain has dropped more than 15% to $3,000 from highs near $4,100 two months ago, according to CoinDesk data. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, lost 17% in the same period.
Related posts
-
Bitcoin (BTC) Price Tops $77K Record as Muted Funding Rates Suggest Crypto Rally Has More Room to Run
While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding... -
Bitcoin Skyrockets to Historic $77K – BTC Short Sellers Take a $24M Hit
At precisely 2:30 p.m. ET on Friday, bitcoin reached... -
Bitcoin Price Keeps Rising: BTC Tops $75,000 and Pepe Unchained ICO Reaches $25.5 Million
Bitcoin (BTC) smashed through $76,000 yesterday and has remained above this key threshold following Trump’s election...