Crypto Fell Due to Risk Aversion, But Remained Within Consolidation
Market Overview
The crypto market cap fell by more than 3% on Monday morning at the start of the Asian session, following a sell-off of risky assets in traditional markets after mutual tariff threats between the US and the EU over the weekend. Interestingly, the crypto market, which traded throughout the weekend, ignored this news.
Bitcoin plunged 3.8% shortly after the opening of trading in Asia, reducing losses to 2.5% during trading in Europe. Bears are pushing their agenda, forming powerful downward momentum during the lowest liquidity. This allows them to form frightening candlesticks on the charts and trigger stop orders. Technically, the first cryptocurrency remains within the rebound range after the October-November sell-off….
