The crypto market remained sluggish and weak on Wednesday as bitcoin and ether (ETH) fell less than 0.4% since midnight UTC and the CoinDesk 20 Index (CD20) lost 0.9%, with 18 of its constituents declining.
The lack of a meaningful bounce will be the largest concern, especially as U.S. equity futures began to recover from Tuesday’s tech selloff.
A portion of the altcoin market outperformed its peers, with jupiter (JUP) and monero (XMR) posting gains of between 2% and 4% to suggest investor appetite is still alive despite bearish market conditions.
Bitcoin now needs to avoid slipping back below the psychological level of support at $60,000, which would trigger a return to a trading range not seen since late 2024 with $52,000…
