Market Wrap: Bitcoin Briefly Drops Below $18K While ETH Uncouples From BTC

Bitcoin dipped below $18,000 before recovering on higher-than-average spot volume. Meanwhile, ether’s price performance is showing a divergence from bitcoin.

  • Bitcoin (BTC) trading around $18,374 as of 21:00 UTC (4 p.m. ET). Slipping 0.85% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $17,990-$18,752 (CoinDesk 20)
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin trading on Bitstamp since Nov. 20.
Source: TradingView

Bitcoin’s price was…


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