The DeFi Report - Sponsor Image The DeFi Report - Industry-leading crypto research trusted by finance pros. Friend & Sponsor Learn more
Home,   Read,   Article

No Man's Land

Crypto markets are sailing into the unknown.
No Man's Land
Jack Inabinet Jack Inabinet
Apr 27, 2024 • 2 min read
2
0
AI
Open in ChatGPT Open in Claude View as Markdown

Subscribe to Bankless or sign in

Crossroads. Markets are trading in no-man’s land going into the weekend after BTC prices slumped, TradFi markets pumped and uncertainty kicked into full steam. What happened in markets this week?

Bitcoin started the week off strong, gaining nearly 3% on Monday, but struggled to find its footing and proceeded to slide throughout the remainder of the week.

Ether, which has underperformed BTC since March amid growing speculation that the spot ETH ETF applications will be denied next month, remains just below the June 2022 3AC liquidation lows and the critical support-turned-resistance level at 0.05 on the ETH/BTC ratio.

Subscribe for free to continue reading

  • Support the Bankless Movement
  • Access to thousands of articles
  • Complete archive of Bankless episodes
  • Embark on free quests in Airdrop Hunter
  • Daily alpha in your inbox

Already subscribed? Sign in


The DeFi Report - Sponsor Image
Sponsored The DeFi Report Industry-leading crypto research trusted by finance pros.
In The Article
Bitcoin Bitcoin
Jack Inabinet

Written by Jack Inabinet

695 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

No Responses
Search Bankless