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Bitcoin clings to $75,000 support as bear market signals resurface
Key takeaways
- The second-largest cryptocurrency by market capitalization was rejected off $2,150 on Tuesday, and fell toward the $2,000 support level.
- AI tokens RENDER, FET and NEAR gave back much of their gains from Tuesday's rally, falling between 1% and 3% since midnight UTC.
- The U.S. stock market continued to diverge from crypto on Wednesday, with S&P 500 and Nasdaq 100 index futures both hitting record highs after adding about 0.3%.
Monero climbed 5% to retest the $400 level — bright spots in an otherwise cautious altcoin market.The crypto market is at a critical point on Wednesday, with bitcoin BTC$75,856.13 priced close to the $75,000 level of support after failing to break through $78,000 on Tuesday.
Ether's (ETH) chart tells a similar story. The second-largest cryptocurrency by market capitalization was rejected off $2,150 on Tuesday, and fell toward the $2,000 support level. It bounced off $2,050 at 05:30 UTC on Wednesday and was recently trading around $2,080.
AI tokens RENDER, FET and NEAR gave back much of their gains from Tuesday's rally, falling between 1% and 3% since midnight UTC.
Article preview — originally published by CoinDesk. Full story at the source.
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