The sharp fall in Bitcoin noted here earlier today was not alone of course. Ether took a big hit at the same time too.
Earlier today Ethereum (ETHUSD) spiked higher, rising from a low point seen yesterday, at 1853.20, to as high as 1956.65.
Yesterday the weekend rise above 2k for Ether was reversed to below 1900, as was covered here in updates at the time.
The gains in the US stock markets into the close on Friday provided just the right conditions for the BTC and Ether to make a further move higher over the weekend.
Yesterday the rebound in Ethereum (ETHUSD) continued again as the second largest coin rose further above $1900, reaching a high at 1941.65.
Yesterday it was the reclaiming of the $1800 handle for Ethereum that highlighted the gains in the crypto space and so far today it has been the further rise there, to above $1900 now that has grab
Another move resultant from the US CPI data has been the rebound in the major cryptocurrencies. Both BTC and Ether have loved the gains in the US stock futures and fall in the dollar.
The noted drop back in the price of Ethereum yesterday, saw it later extend that move below 1700.
Well, it did not seem that likely earlier today, but since the US stock futures turned red and the dollar rebounded off its low, that has caused a bout of profit taking on both Ether and Bitcoin.
The rebound in Ethereum (ETHUSD) has continued to extend since the last update here on its progress. The second largest cryptocurrency lifted above the $1800 handle.
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