BTC/USD goes in recovery mode from Thursday losses although the upside seems to be limited. Meanwhile, ETH/USD struggles to break through the $250 level.
Bullish no more? Bitcoin (BTC) price massively dropped, other major crypto assets followed suit. BTC/USD, however, may make more losses in the next days.
Bitcoin dominates the market as the BTC/USD pair trades above $6,300, making it this year's highest price, as Ethereuem, Ripple, and more deal with losses.
The ETH/BTC pair loses the bullish momentum, and therefore affects the crypto market, specifically altcoins that may then lose value against Bitcoin.
The crypto markets registered high volatility and higher gains last week, with Bitcoin (BTC) nearing $5,400 and major altcoins increasing by more than 60%.
Cryptos could just have seen the reversal of the bear market in the middle of this week. Learn more in this Crypto Exchange September WK2 2018 Roundup.