Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users.

  • Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $12,773-$13,250
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin trading on Bitstamp since Oct. 24.
Source: TradingView

Bitcoin’s price was riding high Monday, going up to $13,250 on spot exchanges…


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