Crypto Research
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As crypto investors look to capitalize on recent price drops in BTC and ETH, many are asking, "Is this the bottom or are we going lower?" Mark Newton, Head of Technical Strategy at FSInsight, provides a timely technical analysis for both bitcoin and ethereum. CRYPTO WEEKLY: THE TIDE PULLING OUT
THE BLOODBATH The bloodbath that has persisted for the better part of the past seven months continued this weekend, with the market shedding an additional $200 billion in total market cap, falling below the $1 trillion mark for the first time since late 2020. Yesterday was the single biggest decline for bitcoin (-16%) since March 2020. At the time of writing (early morning hours of June 14th), there have been...