Bitcoin, Ethereum Struggle Amid Volatility
The digital asset markets ended the week on a cautious note, as Bitcoin and Ethereum faced technical resistance and broader market uncertainty.
Bitcoin dropped below US$108,000 early in the week, testing support around US$105,000, while Ethereum fell nearly 8%, trading close to US$3,560. By Nov 7, both assets showed signs of stabilisation, but gains remained muted.
Analysts highlighted that Bitcoin’s decline below its 200-day moving average (~US$109,800) was a key technical red flag. At the same time, outflows from crypto funds and hedge-fund rotation into safer assets dampened risk appetite.
Macroeconomic uncertainty also weighed on sentiment, as interest-rate developments and global market volatility affected risk-on…
