Bitcoin & Ethereum prices continue to trade sideways as uncertainties continue to prevail around the crypto space. While the minor bounce could have lit up the hopes for a giant rally, some analysts believe, the worst is yet to come, while some claim the market has already bottomed out during the FTX collapse.
The BTC price remains under heavy pressure due to the miner’s capitulation risks, while the ETH price displays some signs of stability and a possible rally to $1500.
Both the top tokens, hit the recent highs of $17,378 and $1,302 respectively after the US FED Chair Jerome Powell lowered the rate at which the rates will be hiked, effective from December. However, the fresh bearish divergence formation on Bitcoin & Ethereum caused the top tokens to plunge slightly in recent times.
Sahana Vibhute
A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.
