Bitcoin, Ethereum Stall Ahead Of Crucial Labor Market Data: Just A Bull Run Breather?
The cryptocurrency market is navigating a consolidation phase marked by mixed signals across major assets.
While Bitcoin (CRYPTO: BTC) trades below key resistance levels, Ethereum (CRYPTO: ETH) continues to draw strong institutional interest, highlighting diverging trajectories for the two largest cryptocurrencies.
What Happened: Bitcoin has seen only modest gains in recent days, stabilizing near $111,000 but still well below technical thresholds that typically signal renewed momentum.
Market data indicates that short-term buyers are active, though conviction remains limited.
According to Alex Kuptsikevich, chief market analyst at FxPro, “Perhaps we should not expect full-fledged enthusiasm among cryptocurrencies while BTCUSD is trading below its 50-day moving average,” which currently sits near $115,000.
Technical analysts are also closely watching Bitcoin’s support zones.
Research firm Fairlead Strategies pointed out that the asset is holding …
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