A recent report from South Korea-based CryptoQuant outlines a number of different price valuation metrics that show bitcoin bottoming out between $10,000 and $14,500; ether drops below $1.7K on Monday. TheSamReynolds and JPRubin23 report
Ten-year Treasury yield daily close: 3.36%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 atMonday trading offered a tale of two cryptos.
Ether recently plunged over 2% from the previous day to trade just below $1,700 after rising over this threshold late Sunday. Investors continue to eye Thursday's expected Merge, the technological overhaul of the Ethereum blockchain that will shift its protocol from proof-of-work to more energy efficient proof-of-stake.
Most other major cryptos were recently in the red with ADA and CRO both off more than 3% over the past 24 hours but SOL rising over 3%.
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