Unable to sustain above the 60k mark, BTC fell sharply with the Asian market opening on Monday morning, with the next big support round the $57.5k mark. On the other hand, the ETH/BTC pair has reached June 2021 levels, with the world’s second-largest crypto likely to breach the 2L INR per ETH mark.
Even as Michael Saylor’s MicroStrategy bought 18,300 more BTC worth more than $1.1 billion, BTC is yet to join the bull run stocks and gold witnessed on Friday. With the US Fed’s monetary easing pivot less than 3 days away, the current week is one of the most important for broader markets in recent times.
