Ether price held $2,800 support amid ETF inflows and undervalued signals, but $3,000 resistance and Bank of Japan rate hike fears stopped the recovery.
Bitcoin opened the week in the red as fears of a Bank of Japan rate hike triggered a yen carry trade unwind, potentially risking a drop in BTC price to $67,000.
Cooling US labor data is shifting growth expectations, rate paths and liquidity, creating new macro pressures for Bitcoin and the broader crypto market.
Bitcoin plunged nearly 5% to $86,950 in Sunday trading, triggering $539 million in liquidations after the asset endured its worst November performance since 2018.
Bitcoin and several altcoins continue to show strength, but charts suggest that each needs a strong close above a key exponential moving average to continue the uptrend.