Crypto markets have started to pull back following their $6 billion pump yesterday. Sunday’s action has been somewhat slower as total market capitalization drops back below $140 billion and a selloff starts as day traders take profits.
Bitcoin could not hold yesterday’s high of $4,080 and has fallen back a little. BTC still remains above $4,000 but only just, this heavy resistance zone has proven very difficult to overcome. At the time of writing BTC is trading at $4,020 and volume has dropped below $10 billion indicating that the rally is running out of steam.