Bitcoin Price Prediction: the risks of BTC/USD collapse below $9,000 are growing — Bitcoin confluence
Bitcoin (BTC) tested the intraday low of $9,076 amid massive sell-off on the cryptocurrency market and recovered to $9,1120 by press time. The first digital coin has been drifting lower since the start of the day amid global sell-off on the cryptocurrency market. Currently, BTC/USD is moving within a short-term bearish trend, the volatility is high.
Ethereum Price Analysis: ETH/USD may face $200.00 amid growing bearish sentiments
Ethereum (ETH) experienced a sharp sell-off to the intraday low of $229.78 and recovered to $230.80 by press time. The coin has entered a recovery mode; however it is still vulnerable to a new shell-off below $230.00 as the bearish pressure remains strong. ETH, the second-largest digital asset with the current market capitalization of $26.06 billion, has lost over 2.6% since the start of the day and 2.75% on a day-to-day basis.