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Positive news from El Salvador couldn't completely overcome negative news out of China.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.
Ether is providing some with hope as its momentum, in the form of volume, continues to beat bitcoin for the 10th straight day.
Ether’s dominance is at 19.78%, the highest it has been since May 16.
Bitcoin dipped below $36K and ether fell under $2.6K on Tesla CEO’s bearish tweets, wiping out some leveraged players in the market.
Meanwhile, the cost of gas fees on the Ethereum network is near a three-month low.
The past weekend saw the lowest number of bitcoin transfers from exchanges in 2021.
How do you trade bitcoin now? Carefully.