The Daily Briefing: Bitcoin and Ethereum back above key thresholds
Is crypto up or down?
Bitcoin is trading above $37,000 this morning while Ethereum is back above the key level of $2,000.
Many of the large-caps are also in the green today, notably Chainlink, which has added 5% to its price overnight. Solana, Avalanche and Polkadot have each gained more than 2% in the last 24 hours.
It’s been a month of the Fear and Greed Index remaining firmly in “Greed” territory, as Bitcoin’s $37,000-level has repeatedly been tested with bulls taking the bait. Experts say investors are closely following the developments in the US, where the Securities and Exchange Commission is yet to make a decision on whether to approve any of the 12 Bitcoin spot-ETF applications on its desk.
20 NOVEMBER 2023
