TradingKey – Crypto market under pressure and declining; Bitcoin dips below $83,000, while Ethereum simultaneously breaks below the key $2,500 mark.
On October 10, the crypto market lacked rebound momentum and came under pressure across the board. Bitcoin (BTC) fell below $83,000 again, while Ethereum (ETH) also dropped below the key $2,500 level, with other major coins following lower in volatile trading.
Top 10 cryptocurrency price changes, Source: CoinMarketCap
Yesterday, these two major cryptocurrencies rallied noticeably during early U.S. stock trading, but have now retreated. This is primarily the result of major macroeconomic headwinds combining with a simultaneous pullback in tech stocks. Specifically, the 10-year U.S. Treasury…
