Bitcoin, Ethereum Hover Near Key Levels Amid Consolidation
Bitcoin traded in a relatively tight range this past week, consolidating around the US$87,000-US$90,000 area after rebounding from mid‑week lows. After opening near roughly US$92,000 on Jan 19, Bitcoin pulled back as global macro uncertainty and risk‑off sentiment weighed on crypto markets, then steadied around ~US$89,800 by Jan 23, reflecting sideways price action with compressed volatility.
Ethereum, likewise, experienced choppy trading, with Ethereum dipping from early‑week levels around US$3,200-US$3,340 before stabilising later in the session. Persistent outflows from major Ethereum spot ETFs and cautious positioning among institutional investors contributed to muted performance for the second‑largest crypto, even…
