Bitcoin, Ether Remain Steady, But Analysts Have Bearish Price Predictions
CoinDesk
18 Sep 2023 9:27 AM
Bitcoin traded just under $26,700 and ether exchanged hands at $1,630 as of Asian afternoon hours Monday, adding just 0.5% in the past 24 hours....
- Major token prices, including bitcoin (BTC) and ether (ETH), remained relatively stable over the weekend.
- Interest-rate decisions later in the week may introduce downward pressure on prices.
- Overall capitalization in the crypto market grew by just 0.4% in the past 24 hours.
- Crypto futures liquidations were at their lowest level since mid-August, while open interest grew 4%, indicating low sentiment.
- Bitcoin traded just under $26,700 and ether at $1,630, with both seeing minimal gains in the past 24 hours.
- Toncoin (TON) experienced losses, dropping 1% in the past 24 hours, potentially due to profit-taking after a significant increase last week.
- Traders are anticipating key decisions in traditional markets that could have a bearish impact on the crypto environment.
- Rate decisions from the central banks of the U.K. and U.S. are expected later in the week, and any hardening in tone could negatively affect investor sentiment.
Neutral
You May Ask
What were the major token prices like over the weekend?What factors may introduce downward pressure on prices?How did overall capitalization in the crypto market change in the past 24 hours?What are traders anticipating in traditional markets that could impact the crypto environment?How could rate decisions from the U.K. and U.S. central banks affect investor sentiment?