The crypto market dropped back on Thursday with bitcoin losing around 0.7% since midnight UTC following Wednesday’s rally to a three-month high of $82,800.
Ether lost around 1% during Asia and European hours, now trading at $2,325 having briefly topped $2,420 on Wednesday.
The broader market is showing early signs of a bullish reversal following a two-month consolidation pattern between February and April, although it’s worth noting that bitcoin needs to break $98,000 in order to break its current cycle of lower highs and lower lows.
The altcoin market continues to indicate investor rotation, with the likes of ALGO and TON rising by between 8% and 9% since midnight UTC.
U.S. equity futures are flat on Thursday while the dollar…
