After several unsuccessful attempts to consolidate above the $50,000 mark, Bitcoin could no longer hold close to that range. As a result, we got another small drop, which ended at the $47,500 area.
Ethereum has also lost value. However, in the case of the second most capitalised digital asset, it is too early to panic. ETH is still moving within a triangle and we can only worry about a trend reversal when it drops below $4,000 and is unable to rebound.
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