On the weekly chart, the index has formed a Bearish candle which engulfed its previous week’s move, forming a “Bearish Engulfing” candlestick formation, indicating a bearish reversal.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest