First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday

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.