Bitcoin and Ethereum Face Volatility Amid Market Shifts
Despite minor declines, major cryptocurrencies show strong weekly performance against a backdrop of political and market uncertainties.
- Bitcoin and Ethereum posted double-digit gains over the past week despite recent price drops.
- The crypto market's resilience is noteworthy given significant sell pressures from events like Germany's Bitcoin liquidation and Mt. Gox repayments.
- Indian exchanges experienced sharper declines following a security breach at WazirX.
- Market sentiment is influenced by political developments, including fluctuating odds in the U.S. presidential race.
- Upcoming Ethereum ETFs and spot Bitcoin ETFs are expected to impact market dynamics.