9M
...
Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight.
BTC/USD 1-hour chart. Source: TradingViewETH, SOL step up as Bitcoin takes liquidity
Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours.
Bitcoin, having tapped new 19-month highs of $44,490 earlier in the week, now troubled market participants as both ETH and Solana (SOL) stole attention.
$BTC Binance Spot Bids sold into and filled it seems
Decent OI wipe here (Binance / Bybit Open Interest & Delta) pic.twitter.com/0CfnxCzL41
— Skew Δ (@52kskew) December 8, 2023
Eyeing…
Read more on Cointelegraph