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Following five weeks of trial in New York, the jury reached its decision in just five hours. Sentencing for man widely known as "SBF" will take place at a later date.
BTC's Exponential Moving Average for 10-day and 200-day indicate a 'Sell' sentiment at 26473 and 26959, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a 'Sell' at 26629 and 27930, respectively. Exponential moving averages show a 'Sell' sentiment.
"Remarks by the US Feds on the monetary policy seem to have led to a sell-off within investors across markets, including crypto. The crypto fear and greed index has re-entered the fear zone after dropping 4 points since yesterday. The index currently stands at a score of 43/100," said Parth Chaturvedi, Investments Lead, CoinSwitch Venture.
Bitcoin (BTC) fell 0.42% to $26,997, whereas Ethereum (ETH) was just above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.07 trillion, falling 0.56% in the last 24 hours.
Both Bitcoin and Ethereum have exhibited stability, remaining within a narrow 2% price range in recent days. Notably, open interest in both of these tokens is on the rise, indicating new short positions are being opened, said CoinDCX Research Team.