Crypto Market News Today, February 3: Why is Crypto Up? Are We Back? 3% Bitcoin Price Run, 5% on #Ethereum
So Yesterday was just another manic Monday after all. Yesterday, we woke up to red candles, bad vibes, and a pit in our stomachs as the weekend chewed through liquidity. Yesterday was bad and sad. But today, we are happy, Bitcoin price clawed back 3% to the high $78K level while Ethereum jumped close to 5%.
Why is crypto up today?
Why is Crypto Up? Bitcoin Price and Ethereum Price Find Their Footing
$ZIL So what did happen from a technical standpoint? Bitcoin price dipped into liquidity around $75,000, shook out leverage, then bounced between firm support near $74,500 and resistance close to $80,000. This sandwiching range is a tightening spring. Although more catalyst is needed for this move to continue, progress on the US CLARITY bill could make Bitcoin price run toward $82,000.