BTC Prices Correct Lower
With the market maturing, we are seeing that the volatility is also dying down along with it and this is a good sign for the near future for the crypto markets. This is what is likely to attract the more saner traders and investors and this welcome sign is only going to attract more and more investors in due course of time. So the traders have to sit tight in these quiet times and hope that things begin to change and become more volatile and there is a breakout in the near future which would make the trading attractive for the day traders.
The ETH prices have also fallen below the $450 region as of this writing and it is likely to continue to trade under pressure like the rest of the crypto market. It has been quite some time since the ETH market behaved in an independent manner and we dont think this would be the case anytime soon as well. So, the traders do not have much of a choice but to ride out this slow and steady time.
Looking ahead to the rest of the day, we do not have any major fundamental or economic news that is going to affect the crypto market and hence the traders would be well advised to note that the consolidation and ranging is set to continue for the short term.