No Recovery Bounce As Crypto Markets Remain Crushed10.39

There has been no recovery or rally from Wednesday’s crypto rout which resulted in almost 30 billion dollars being wiped out. Markets remain depressed as we end the week and are still languishing at their lowest levels this year.

Bitcoin appears to have found its new trading level for the time being which is around $5,600. BTC could not muster any momentum over the past 24 hours and is currently trading at $5,620 after dropping to another yearly low of $5,360 last night. Ethereum is also depressed pulling back a miserly one percent to take it just below $180. This has prevented ETH retaking second spot in the market cap charts.

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