As market volatility remained close to recent lows during today’s session, bitcoin started the week largely flat. Ahead of Wednesday’s important US inflation report, traders seem to be taking a break. On Monday, ethereum generally remained stable.


As market volatility was largely limited on Monday, Bitcoin (BTC) continued to float around the $29,000 mark to start the week.

BTC/USD soared to a high of $29,166.82 earlier in today’s session after hitting a low of $28,963.83 on Sunday.

The largest cryptocurrency in the world has spent the majority of the past week fluctuating between a support level of $28,800 and a resistance level of $29,500.


The price of Ethereum (ETH) was trading close to a support level of $1,820 on Monday and remained essentially unchanged.

ETH/USD reached its highest point today at $1,842.52, after moving to a low point on Sunday of $1,824.12.

Since then, the price has decreased; at the time of this writing, ethereum is trading at about $1,833.08.

The current price strength is 42.11, and if bears manage to take market momentum, the next observable floor is 41.00.

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If this happens, a move toward $1,800 might be the objective.


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