ETH Network Fees Near YTD Lows, Friend.tech Resurrects
Sep 11, 2023
Market Update $BTC continues to slide after trending lower over the weekend, reaching levels not seen since mid-June at $25.1k. Notably, the daily time frame is nearing a bearish “death cross,” which occurs when the 50-day simple moving average (SMA) crosses under the longer-term 200-day SMA. While not a surefire predictor of an impending bear market, it indicates a clear shift in trend, with investors showing caution in a seasonally bearish period. Ethereum is underperforming Bitcoin after falling to $1.5k, following its death cross ten days ago. Solana is underperforming among the top 1