Crypto Markets Analysis: Even as traditional financial markets seesawed amid uncertain waters, digital assets performed strongly. Bitcoin and ether have risen 31% and 26% over the past seven days. GWilliamsJr_CMT reports
Bitcoin and ether started the working week at technically oversold levels and ended it at the precipice of overbought levels.
Bitcoin and ether now show RSI’s of 70.7 and 61 respectively, moving them to the edge of the traditionally overbought reading of 70. The two assets remain tightly correlated to each other implying that investors still view them in a similar fashion, despite their stark differences in how they’re used. .
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