The Crypto Report: Bitcoin and Ethereum post small gains, but tough uphill battle looms

  • 1 year ago
  • Ethereum
  • 376Views
Bitcoin is hovering close to US$16,700, which is still far below pre-crash levels, but a 3% improvement against the day. The benchmark cryptocurrency has a strong resistance wall at US$16,800 before bulls can attempt to reclaim ground ceded following the devastating FTX collapse. Ethereum (ETH) is changing hands at US$1,260, which is a 3% improvement on the day, yet 20% down week on week. There is a lot of ground for Ethereum to cover following last week�s market rout, but with virtually unchanged fundamentals and liquidity among other primary exchanges, the bulls have strong support behind them. As for the rest of the large-cap altcoin space, Solana remains battered and bruised, having lost over half of its market capitalisation due to the blockchain�s exposure to the now-bankrupt FTX exchange. #ProactiveInvestors #thecryptoreport e #bitcoin #ethereum #ether #ftx #ftxtoken #invest #investing #investment #investor
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