During the day Bitcoin price corrected to $34,800 before recovering to ~$35,400. In 24 hours, digital gold has fallen in price by ~4%
Ethereum price failed the $2000 level. At the time of writing, the asset is trading at $1990. The total market capitalization is $1.4 trillion. Bitcoin’s dominance index is 49.2%.
MN Trading founder Michael van de Poppe wrote that a test of marks in the $34,800-35,200 range could provide “additional upside momentum to the highs.”In his opinion, such price dips are “entry points for altcoins.”
Earlier, JPMorgan analysts called the crypto market rally “excessive,” which could abruptly end after the expected approval of the bitcoin-ETF.
