Author: Glenn Williams, Jimmy He

Bitcoin (BTC) sold off mildly in Monday trading, declining 0.65% on average trading volume. The largest cryptocurrency by market capitalization rose 3% over the weekend, and has settled in near the $21,000 mark after plunging Friday. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

Bitcoin declines for third consecutive day, on below average volume. Bitcoin (BTC) declined 1% on Tuesday, marking the second consecutive day of declines for the largest cryptocurrency by market capitalization. Ether’s (ETH) price fell 1.1%, reversing gains made overnight. The second-largest cryptocurrency by market capitalization fell below $1,900 after hovering over that increasingly important threshold for much of the past week.

Bitcoin (BTC) briefly broke through the psychologically significant $25,000 mark in overnight trading, before paring those gains during U.S. trading hours. The largest cryptocurrency by market capitalization reached as high as $25,212 early in the U.S. trading day before retreating to its current level above $24,000.

The largest cryptocurrency by market capitalization has responded favorably to improved economic indicators.

Ether’s price has been accelerating at a faster pace than bitcoin’s.

BTC jumps sharply on CPI news before moderating.

Global markets are awaiting the data release scheduled for Wednesday. |

The cryptocurrency is largely tracking stocks.

The positive jobs report may lead to additional Fed tightening.

Bitcoin’s ‘Average True Range’ Shows That Markets Have Calmed A Bit

The crypto rose despite some turmoil in the industry.

Investors appear uncertain on market direction.

BTC gives back a bit of last week’s gain on reduced volume.

TK

BTC is approaching support at about $20.5K; options markets implies concerns of additional declines in price.

TK

Bitcoin finishes strong, sees correlations with traditional markets narrow to prior levels.