• Ether price struggles to maintain support
• Bitcoin posts biggest weekly loss since November
• Binance is back in Russia
Ether Price Struggles to Maintain Support
The Ether price has struggled to sustain $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days.
Bitcoin Posts Biggest Weekly Loss Since November
Bitcoin faced selling pressure in the week ended April 23 as bond yields rose and the U.S. dollar liquidity declined. The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November.
Binance is Back in Russia
Binance, the world’s largest cryptocurrency exchange by trading volume, quietly lifted restrictions on Russian citizens and residents it had imposed over a year ago. In March 2022, after the EU sanctions Russia, Binance announced it would not support deposits from Visa and Mastercard cards issued in Russia.
Cryptocurrency Prices In Last Session
The last session saw BTC fall 0.6% against USD while ETH/USD plummeted 1.4%. XRP dropped 0.7% against USD and LTC/USD skyrocketed 1.4%. The indicators point to an oversold market for all four major cryptocurrencies at this time of writing.
Daily Economic Calendar: US S&P/Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices examine changes in the value of residential real estate market across twenty regions in United States of America with US Consumer Confidence & New Home Sales being released at 14:00 GMT today (April 28th).