BTC, ETH slip as markets continue to react to latest Fed rate hike.
/USD which initially rose to a high of $1,613.41 on the news, slipped to a intraday low of $1,507.24 on thursday.
The move sees the token now fall for a fifth straight session, following last week’s gains, which saw prices hit a 6-week high.Looking at the chart, the decline has sent the RSI to a long term floor of 58.00, with bears attempting to break below this point. As of writing, bulls have so far rejected this, with the world’s second largest token somewhat rebounding.
is currently trading at $1,531.53, with the 10-day moving average still upwards facing, which could be a sign of resilient bulls awaiting the time to increase market pressure.Tags in this story
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