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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why Bitcoin, Ethereum Look Ready To Bounce

Ethereum Bitcoin Crypto

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading over 4% and 5% lower, respectively, on Monday. The move lower is the continuation of a downtrend, which escalated on May 5.

Since that date, Bitcoin has plunged over 18% and Ethereum has plummeted about 19%, as fear of a recession has gripped traders and investors, causing an accelerated move to the downside.

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