Crypto markets retrace following short-lived rally
Bitcoin and other cryptocurrencies have retraced since yesterday’s rally but the market leader continues to trade around $27.5k.
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Bitcoin and other cryptocurrencies have retraced since yesterday’s rally but the market leader continues to trade around $27.5k.
Bitcoin is up by more than 3% over 24 hours and is trading above $28.3k, while Ethereum (ETH) and most other cryptocurrencies tag along.
Bitcoin is up by half a per cent this morning, trading around $26.4k while Ethereum has notched gains of 1.7% at $1.6k.
Bitcoin is down marginally by 0.2% over 24 hours, trading for $26,223, while Ethereum remains virtually unchanged at $1,590.
Bitcoin is down by roughly 2.3% over seven days while Ethereum is trading below the key level of $1.6k and following a similar pattern.