BTC traded just over $27,600 in Asian afternoon hours on Tuesday, while Ether dropped 3.5% amid a dismal first day of ETH futures ETF trading in the U.S.
Bitcoin fell under the $28,000 level early Tuesday just hours after crossing it at the start of the week as profit-taking and changing on-chain metrics dampened a continuation of price rises.
However, it is likely a little too early to get excited by these current price movements. This is unlikely to be the beginning of a significant rally without any other catalysts to drive it,” Keily cautioned, adding that the ongoing Sam Bankman-Fried trial “could take things either way” based on possible new information about crypto markets.
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