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Bitcoin's Support is Holding at $25K

Bitcoin is opening the Asia trading week up 0.4% to $25,912, while ether is slightly down to $1,748. “The liquidity situation has worsened considerably. This is exacerbated by the departure of institutional investors from the market, particularly US-based market makers, who anticipate potential scrutiny from the SEC,” said Johnny Teng, Senior Researcher at LBank Labs, in a note to CoinDesk. “While the S&P 500 continues to achieve new monthly highs, the crypto market remains troublesome”. In a note to CoinDesk, BitBull Capital’s Joe DiPasquale pointed to Bitcoin’s support at $25K as still holding up “reasonably well”.

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