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Bitcoin (BTC) and Ethereum (ETH) Moving Apart, Binance Shutters Some European Derivative Markets
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Bitcoin (BTC), Ethereum (ETH) Surge on Amazon Payment Rumor
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Bitcoin (BTC), Ethereum (ETH) Support Levels Hold, Sentiment Turning But Still Fragile
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Bitcoin (BTC), Ethereum (ETH) Sell-Off Into The Weekend, Support Looks Increasingly Fragile
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Bitcoin (BTC), Ethereum (ETH) Waiting For a Shot of Volatility, Elon Musk Backs Dogecoin, Again
2021-07-10 00:00:00
Nick Cawley,
Strategist
Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coin Analysis and Charts:
Bitcoin continues to trade sideways.
Ethereum/Bitcoin spread giving backs gains.
Dogecoin pumps after Elon Musk tweet.
The cryptocurrency market is effectively treading water over the last couple of weeks, setting up a box range in both Bitcoin and Ethereum. A lack of any noticeable drivers leaves any small rise or fall vulnerable to a pullback, sending volatility lower, and these current ranges may hold over the coming weeks. The market as a whole needs some new motivation, be it positive or negative, to help break these ranges and set up a new trend. Bitcoin is currently capped around $37k and the current spot price remains below all three moving averages, suggesting ongoing bearish sentiment. Ethereum on the other hand is currently being supported by the 200-day s