First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday
- Date: 06-Dec-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday
Good morning. Here’s what’s happening this morning:
Market moves: Investors bought up bitcoin quickly after Saturday’s sharp sell-off. Trading volume spiked on Saturday, although by Sunday it had leveled off as traders await Monday’s opening of equity markets.
Technician’s take: BTC buying has been weak despite short-term oversold signals. ETH is also taking a breather and has not yet confirmed a breakout relative to bitcoin.