Bitcoin, Ethereum End Volatile Week On Weak Note
Bitcoin and Ethereum ended the week from Oct 13 to 17 on a mixed note, as renewed global trade tensions and risk-off sentiment erased mid-week gains, underscoring the fragile mood across cryptocurrency markets.
Bitcoin briefly rebounded to around US$115,000 on Oct 13 after plunging earlier in the week following the US’ announcement of new tariffs on China, a move that wiped billions off the global crypto market. Ethereum followed suit, jumping about 10% to over US$4,150, buoyed by technical support and derivatives unwindings.
However, the rebound proved short-lived because by Oct 17, Bitcoin had fallen back to around US$104,700, marking its lowest level since June, while Ethereum slipped nearly 8%, as traders pared exposure…
