BTC, ETH Prices Lower for a Sixth Straight Day – Market Updates Bitcoin News - BitcoinEthereumNews.com
Bitcoin was trading lower to start the week, as markets were anticipating the release of U.S. president Bidens executive order on cryptocurrencies. Ethereum also remained in the red, and continues to track at multi-week lows. Bitcoin Bitcoin prices were almost 12% lower from the same point last week, as prices fell for a sixth straight day on Monday. Following a high of $39,394.44 on Sunday, BTC/USD dropped to a low of $37,358.00 to start the trading week. The move saw BTC near its long-term support against the dollar of $37,200, hitting its lowest level since February 4 in the process. बीटीसी / यूएसडी - दैनिक चार्ट Price strength in bitcoin is now firmly oversold, with the 14-day RSI tracking at 39, which is its lowest point in over three weeks. This recent downward trend has pushed the 10-day (red) moving average on the cusp of crossing over the 25-day (blue) MA. Should this happen, we may see yet even more declines in the price of the worlds largest cryptocurrency. Ethereum Like bitcoin, prices of ethereum were also down to start the week, with the worlds second largest cryptocurrency trading almost 9% lower from its position last Monday. Monday saw ETH/USD fall to an intraday low of $2,585.95, which is its