Market Wrap: Ether Outperforms Bitcoin as Crypto Sentiment Improves
Ether is attempting to break above the 50-day moving average for the first time since March.
Sentiment
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
“The fear is gone for now, and the market is optimistic,” Arcane Research wrote in a Tuesday newsletter. But not enough to keep bitcoin's price above $50K.
Increasing altcoin flows impliy investors are starting to diversify across their digital asset holdings.
Market Wrap: Bitcoin Rises After Volatile Week
Jul 9, 2021
Analysts see the possibility of further selling pressure despite short-term relief.
Sentiment
