Ether is trading near yearly lows against bitcoin, continuing a declining trend that began in September 2022.
Last week's interest rate decisions did little to breathe life back into the crypto market, with prices still trading in a narrow range amid low volume and volatility — bitcoin's least volatile performance during a Federal Reserve meeting in the previous two and a half years, Lunde and Helseth noted.Bitcoin is down 2% over the last seven days, with ether falling 3%. Rounding out the top three by market cap, BNB also dropped by 2%.
Lunde and Helseth suggested short-term traders should watch for signs of CME traders' directional aggression as an indicator of potential upcoming price movement.across the market in September, falling by 57% since Sept. 1, with volume down 48% on crypto exchanges overall. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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