Bitcoin continues to trade in a narrow range and hold $29,000. Bitcoin, which has been horizontal for the last 24 hours, is trading at $ 29,342 as of broadcast time.
Bitcoin is also about to close this week in the red. If this happens, it will be the first time in Bitcoin history that it has closed red for nine consecutive weeks. As we reported earlier, Bitcoin started a downward wave that continued with a number of factors, such as the collapse of Terra/UST, triggered by macroeconomic concerns.
Ethereum Trying to Hold $1,800
Similarly, Ethereum continues to follow a sideways course. ETH, which has not experienced a significant loss or gain in the last 24 hours, is trading at $ 1,809 as of the broadcast time. Likewise, ETH is about to close its eighth consecutive weekly candle in red.
AVAX Gains 13%
Avalanche network’s native token, AVAX, became the top 15 crypto asset with close to 13% gains. Recently, AVAX was the victim of a wave of FUD moving through the first layers and had lost considerable value. As of today, AVAX has managed to recoup a significant portion of its losses and is trading at $26.61 at the time of publication.
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