Bitcoin (BTC) was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August.
“Bitcoin is seeing some consolidation itself after surviving another run at $30,000,” Craig Erlam, senior market analyst for the London-based foreign exchange brokerage Oanda, wrote Monday in an investor update. “A move back above $35,000 may start to change the conversation but the trend is against it these last few weeks and a move lower still looks more likely.”
Ether (ETH), the main cryptocurrency of the Ethereum blockchain, rose early Monday to a new all-time high price of $1,476.12. Ether, which is the second-biggest digital asset by market value after bitcoin, has nearly doubled just in January alone.
https://www.coindesk.com/first-mover-bitcoin-weak-ethereum-all-time-highI like when
senior market analysts spread their wisdom about bitcoin price movements, they seem to always know what's happening.
Joking apart, there's an interesting analysis on the difference which is building between US/Asia trading patterns
Comparing bitcoin’s price moves during Asia daytime hours and American hours (split into 12 hours each) shows a clear pattern of relentless buying during the North American trading hours and selling in Asia, mainly by large investors (known as whales) and cryptocurrency miners.
The pattern emerged following the March 2020 price crash and had endured until two weeks ago when bitcoin reached record highs above $41,900. Since then, the strength during U.S. hours has lost momentum, QCP Capital noted in its Telegram channel.
