Cryptos Bounce Despite Ethereum Suffering 'Death Cross'

Content adapted from this Zerohedge.com article : Source

Last week, bitcoin suffered the dreaded 'death cross'. This is when the 50 DMA crosses over the 200 DMA on the down side.

Today, ethereum followed suit.

Since the crossing, bitcoin is basically range bound.

Ethereum was glued to the $400 range the last couple weeks before engaging upon the 'death cross'.

Cryptocurrencies are rebounding with ethereum up 10% since Friday.

Non-adapted content found at zerohedge.com: Source

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