The crypto market enters the final stretch of the month in a perilous position with bitcoin still below $60,000 and ether (ETH) less than $1,600.
The bitcoin price has now lost more than 50% of its value since October’s record high, with analysts suggesting that more downside is on the cards over the coming months.
On Monday, the largest cryptocurrency is marginally in the black, rising by 0.6% since midnight UTC to $59,800 despite the broader market structure and chart formation skewing bearish.
Solana (SOL) has recovered after tumbling to its lowest point since late 2023 early this month. It has advanced by more than 13% since Thursday and 2% since midnight.
U.S. equities rose overnight as Nasdaq 100 futures traded up 1%…
