Crypto Market Update: Weekend Gains Wiped Out in $5 Billion Fall8.38

It didn’t last. Crypto markets are back down again today after recovering a little over the weekend. The complete lack of buying pressure at the moment indicates that the bears are still in full control of things. Total market capitalization has been pushed back down to $130 billion again.

Bitcoin has found a consolidation channel between $4,000 and $4,300 and it doesn’t seem to have the momentum to break on the upside. BTC is down 3% back at $4k at the time of writing. Two ‘Bart Simpson’ type chart patterns have formed over the last week indicating that BTC could be about to fall again. Ethereum has already fallen, dumping 3.5% since yesterday back to $113.

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