Cryptocurrency markets continue their sideways trading patterns with little change in Bitcoin’s price, while Ethereum manages to hold in the high $1,500s. The global cryptocurrency market cap remains below $1 trillion, suggesting that the bears are still in control. European stock markets show volatility as news of Russia halting its energy supply to Europe spreads. Key Points: U.S. stock markets are closed this Labor Day, while European markets sink as Russia halts gas flows. Bitcoin remains in the $19k range, with data suggesting that long-term holders are accumulating BTC. Ethereum’s network merge is nine days away, continuing to push positive
The post Crypto Market Update: Sideways Trading Continues as Bitcoin Price Hovers Around $19k, Ethereum Attempt to Push to $1,600 appeared first on The Merkle News.
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