Chart of the Day
Tuesday Tussle. With prices swinging back below $30k for the third time in two months doesn’t quite present Bitcoin in a favorable light. However, with major cryptos seeing red for the past consecutive days, Bitcoin’s downward trend is merely symptomatic of the markets drifting with the tide in an environment where volume and volatility continue to spiral down neck-to-neck. Notwithstanding turmoils in broader markets, the upside remains that the majority of long-term BTC holders are still “in the money”, while Ether holding above the crucial support barrier near $1,670, a price wall where $9 million worth of Ether were bought, presents a good chance for bouncing back.