Cryptocurrency markets are starting to show less and less volatility as the bear market continues. Bitcoin and Ethereum seem to have found their support levels and, this week, have been trading in a narrow range. Let’s recap this week for crypto market news affecting Bitcoin and Ethereum prices.
Some of the most notable news this week for cryptocurrency markets include:
There has been plenty of development and news in the markets this week, but surprisingly the global crypto market cap remained essentially unchanged.
Bitcoin is trading at $19k, while Ethereum holds above $1,300. While the trading volume is down significantly today, that’s expected as Saturday the markets slow down even further.
The good news is that the lack of volatility provides new investors with further confidence in opening long-term positions. After all, a sideways trading market is always preferred to a bear market, signaling the transition to a trend reversal.
BTC dominance remains at 39.9%, with Ethereum’s at 17.4%. While ETH has been outperforming BTC in the past, it seems the two crypto assets are moving in tandem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: Shubham Dhage on Unsplash // Image Effects by Colorcinch
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