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Cryptocurrency markets have recently entered into a new uncertainty with the SEC event. The crypto assets that suffered the most in this negative picture were those seen as securities by the SEC. While the concerns continue to increase, the liquidity problem, which has been on the agenda for a while, is also fueled by the domino effect in all markets.
In the process since last week, we have seen that while investors continue to hold Bitcoin and Ethereum assets that are not considered securities, these assets remain relatively more resilient. However, the hawkish statements from the Fed's wing last night caused both cryptocurrencies, which dominate the market, to lose their short-term support levels.
As of now, Bitcoin started to trade below the average support of $ 25,300, increasing the risk of an acceleration in the decline. While Ethereum is moving below the second support zone at $ 1.660, a clear daily candle formation below this value may technically trigger a pullback to the $ 1.535 region.