ETHmanaged to hold the $1,200 level on Tuesday despite increased price uncertainty in the crypto market. BTCfell below $21,000 in today’s session, as the size of the global crypto market declined by as much as 2% earlier today.
Following a slightly bearish start to the week, bitcoin was under increasing downward pressure in today’s session.
The world’s largest crypto token fell to an intraday low of $20,577 during Tuesday’s session in less than 24 hours after approaching $22,000.
Today’s decline follows a rise in bearish sentiment, with traders seeing yesterday’s decision by the bulls to take profits as a sign of weakness.