Bitcoin Price and Ethereum Down 5% amid China Lockdown

Bitcoin Price and Ethereum Down 5% amid China Lockdown

The leading cryptocurrency, Bitcoin, failed to break a descending triangle pattern and fell over 3% to $16,160 amid an increased level of FUD in the market. 

Likewise, the second-most valuable cryptocurrency, Ethereum, has followed Bitcoin’s lead and fallen sharply by nearly 5% to $1,171.

Crypto Market Cap Update

The global crypto market cap fell over 2% to $815.32 billion the previous day, sending major cryptocurrencies into the…


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