Cryptocurrency markets are trading sideways today after Bitcoin and Ethereum prices struggled to hold support yesterday, dipping below the $20k and $1.1k levels. The release of CPI data showed rising inflation, and tech stocks tumbled yesterday, causing further market uncertainty. The good news is that stocks remained relatively steady yesterday, with the NASDAQ and S&P 500 closing a few points above the opening on Wednesday. Bitcoin Price Looking To Establish Support at $20K Trading at $19,790 at the time of writing, it’s clear that Bitcoin is attempting to establish support at the $20k level, both an emotional and technical range
The post Bitcoin and Ethereum Prices Manage to Hold Support as Global Cryptocurrency Markets Trade Sideways appeared first on The Merkle News.
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