Crypto bulls run out of steam as market volatility continues
Published by
City AM
City AM
By Darren Parkin Bitcoin and Ethereum have retraced following yesterday’s recovery from a sharp drawdown earlier in the week. The market leader continues to trade in the range between $26k and $27k, while Ether follows a similar trading pattern. The selloff on Tuesday this week came as the Securities and Exchange Commission (SEC) in the US continued its aggressive campaign against crypto companies inside its borders. Analysts noted the crypto market response was comparatively muted as the news may already have been priced in. Ether remains flat over the week while BTC is down 1.5% over seven d…