Bitcoin fails to seize bull opportunity [Video]

Steve O'Hare Signal Centre

Cryptocurrencies secured net gains in early Europe on Monday, but there was a sharp reversal later in the session as a lack of liquidity increased the potential for sharp moves.

Bitcoin dipped to lows below $33,500 before recovering ground. A limited US dollar retreat helped underpin crypto assets on Tuesday, especially with net gains for precious metals and bitcoin advanced to above $34,500 in Asia.

From just above $2,300, Ether also dipped sharply to below $2,200 before paring losses and posted net gains to above $2,300 on Tuesday.

Author

Steve O'Hare

Signal Centre

Steve has over 30 years of trading experience in Commodity, Equity and Fixed Income markets, in both research and trading.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

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