Bear Trap Alert: Crypto Market Records An Outflow Of $53 Billion With Bitcoin Dropping Below $70K!

The post Bear Trap Alert: Crypto Market Records An Outflow Of $53 Billion With Bitcoin Dropping Below $70K! appeared first on Coinpedia Fintech News

After recording a significant jump of over 5% on Monday, the market leader, BTC price, has recorded a correction of 2.58% with a trading volume of $36.39 Billion, a drop of 35.79% within the past day which further resulted in a bear trap like situation in the crypto space. Moreover, the altcoin leader, ETH price, has displayed a similar trend by recording a correction of 3.15%, and a 35.35% drop in its trading volume during the past day, highlighting a high possibility of a negative outlook for the pending decision of the spot Ethereum ETF.