By Wayne Jones The S&P 500 is hovering near record highs, but a majority of its constituents are trading below their 200-day moving averages, according to data shared by analyst Scott Melker on X. On the other hand, 88 of the top 100 cryptocurrencies are above their MAs, highlighting the contrast in market breadth, with […]
Tag: BTC
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By Jordan Lyanchev After the explosive start to the business week, in which BTC gained $7,000 in 12 hours or so, the asset was primed for a correction, which began yesterday evening and culminated today with a price drop to under $84,000. The altcoins have followed suit as they usually do, with ETH slumping below […]