Bitcoin and Ethereum down as uncertainty around macro events lingers

Published by
City AM

By Darren Parkin Bitcoin continues to retrace slightly as macro-economic events hold sway over crypto and traditional markets. The leading crypto by market cap is again changing hands for less than $27k, as Ethereum (ETH) trades sideways above $1.8k. Notably, XRP has gained 5%+ in the last 24 hours. Investors continue to keep a close eye on the debt ceiling dilemma in the US, while crypto markets find themselves in what one analyst called a “wind tunnel”, having to push forward against regulatory uncertainty and a difficult economic climate. Despite it all, long-term investors continue to accu…

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