BTC Price Holds $103K as Altcoins Consolidate on ‘Fearful’ Sentiment
The crypto market continued to establish fresh levels of support on Thursday, with bitcoin trading around $103,000 while ether rose less than 1% to $3,500.
The average crypto relative strength index (RSI) remains in neutral territory while the Fear and Greed index is printing 25/100, indicating negative sentiment across the market.
There was slightly more action in the altcoin market. AERO slid 18% in the past 24 hours following an announcement of a merger with Velodrome, while STRK and FET also made double-digit moves to the downside.
XRP led gains among the biggest cryptocurrencies, rising by 3.5% following a flurry of activity on the options market.
The market is in need of a catalyst before confirming a…
