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Bitcoin continued under pressure, falling slightly but remaining above $27,000, while Ethereum climbed nearly 1% to remain above $1,800.

Bitcoin and other popular crypto currencies fell during the early trading hours on Tuesday due to low trade volumes, which harmed confidence. In the short term, the major triggers for riskier assets will be indicators of global economic health.

Bitcoin fell marginally on Wednesday amid a discussion over its significance, while other tokens were generally green. According to a Cobo analysis, confidence in the cryptocurrency sector peaked in February 2022, followed by a fast recovery from March onwards.

Bitcoin and other popular crypto currencies fell during the early trading hours on Tuesday due to low trade volumes, which harmed confidence. In the short term, the major triggers for riskier assets will be indicators of global economic health.

Bitcoin fell marginally on Wednesday amid a discussion over its significance, while other tokens were generally green. According to a Cobo analysis, confidence in the cryptocurrency sector peaked in February 2022, followed by a fast recovery from March onwards.

Bitcoin was under pressure on Tuesday as market mood was divided. The $26,800 support level, which was formerly resistance, is now acting as a potential turning point. Technical indicators like the RSI and MACD point to a good purchasing zone. If Bitcoin remains above $26,800, a positive bounce to $27,800 or $27,500 is possible.

However, the 50-day EMA around $27,500 functions as a strong hurdle, signalling a bearish market attitude. BnB is currently trading at $312, ETH is at $ 1825, and Pepe coin is trading at $0.0000017.