After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor worry about inflation and the stock market’s underperformance today. Bitcoin Price Struggles to Hold Above $20K While Bitcoin managed to soar above $21k yesterday, today is different. As the stock market opened with little momentum, Bitcoin’s market started losing steam. The Dow Jones Industrial Average
The post Bitcoin and Ethereum Price Struggle to Hold Support Amid Increasing Bearish Pressure appeared first on The Merkle News.
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