Market Wrap: Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

Ten-year Treasury yield daily close: 1.84%

Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atThe chart below shows the ether/bitcoin price ratio, which continues to struggle near a key resistance zone. Lower support is seen around 0.05, which is about 20% away from current levels.

Typically, bitcoin declines by less than altcoins in a down market. But some investors are still allocating to tokens such as and ATOM, which increased more than 30% in value over the past week, compared with a 9% gain in BTC over the same period.Avalanche users can now buy Polygon or BSC assets in a single transaction:

Cross-chain messaging system Router Protocol has integrated Avalanche network’s C-Chain to enable communication between Avalanche and other supported blockchains, such as Polygon and Binance Smart Chain . The integration gives users the ability to buy digital assets on Polygon or BSC in a single transaction without leaving the Avalanche network.

I too prefer to remain optimistic in this market situation, these are short term difficulties

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