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The Crypto Report: Bitcoin and Ethereum hold onto weekly gains following gutsier investor appetite

The Crypto Report: Bitcoin and Ethereum hold onto weekly gains following gutsier investor appetite

Cryptocurrency has been relatively buoyant of late, having benefitted from gutsier investor appetites that saw the risk-on markets escape from their weeks-long slump.

Global market capitalisation is at US$1.01tn this Monday morning, following a small daily dip of 1.5%.

Bitcoin remains above the US$20,000 support line as we head into a new week, although bearish pressure is being clocked on the four-hour trading chart, causing a 1.4% drag.

However, bitcoin’s US$20,500 price point is still around 6% up week on week.

Ethereum dipped 2.2% in the past day, but its exchange price of US$1,581 is still up an impressive 18.2% week on week.