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Bitcoin Hovers Near $30.3K After Expected Correction

As Asia begins its business week, bitcoin is maintaining its position above $30,000, though ether has dipped below the $2,000 mark. The world’s largest digital asset is currently at $30,298, flat over the last 24 hours, according to CoinDesk data, while ether is also changing hands sideways at $1,927. Last week’s unexpected rally in crypto prices came from a favorable ruling a court handed down in the Ripple-SEC case. Currently, despite fewer short positions, Bitcoin's price is expected to dip and then rise due to nearby short-term liquidity and resistance, Teng explained, while ether and other altcoins' trading volumes are set to increase.

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