BitcoinWarrior

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Bitcoin and Ethereum struggling to keep a grip on key price levels

Published by
City AM

By Darren Parkin Bitcoin started the week slow at $26.25k, virtually unmoved from yesterday and inching upward by 0.34%. The market leader is down by roughly 2.3% over seven days while Ethereum (ETH) is trading below the key level of $1.6k and is following a similar pattern as Bitcoin. The global economy continues to feel the impact of heightened interest rates. Jamie Dimon of JPMorgan recently noted in an interview that continued rate hikes by the Federal Reserve will put pressure on “the system”. “Going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guar…

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