Ether (ETH) was changing hands just above $3,000 during the opening hours of the Asia trading day as the CoinDesk Indices Ethereum Trend Indicator flipped negative, signaling a bearish shift in momentum.
At the same time, bitcoin (BTC), is trading slightly above $64,000 after challenging it for most of the Asia trading morning.
“Unexpected higher U.S. treasury yields, a stronger dollar, and geopolitical risks in the Middle East weighed down on crypto markets,” Jun-young Heo, a Derivatives Trader at Singapore-based Presto, said in an interview on Telegram with CoinDesk.
Source:
Coindesk
