The derivatives market, on the other hand, still affects spot cryptocurrency assets like Ethereum, as the market recently saw a spike in the trading volume of such derivatives as options and futures. reaches a major resistance point once again and now merges at the upper border of the rangebound formed since February. But according to the current price action, the digital gold is struggling to move past the upper border of the rangebound and remains below $45,000.
At press time, Bitcoin trades at $44,462 and has not yet broken or retracted from the aforementioned resistance line.
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