Cooling crypto markets see Bitcoin and Ethereum retrace

Bitcoin is down more than 3% on the day while Ethereum, in the red by 3.8%, is following the same pattern. Many other large-caps are also in the negative at the time of writing, with the exception of Avalanche, which has gained more than 8% overnight. 

The Relative Strength Index (RSI) has dropped significantly from above 70 to 56, reflecting the pullback in many crypto markets this morning. 

Yesterday’s Crypto AM Daily

In the Markets

The Bitcoin Economy

*Data can be found at https://terminal.bytetree.com/

Total crypto market cap