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Gate ELSA Futures Trading Challenge is Now Live!
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Monday Market Summary: The US earnings season is back to stir things up. Some companies' data did not meet expectations, and the decline instead provided opportunities for those looking to buy low. Understanding the reasons for the drop naturally helps to grasp the logic behind its rebound.
Let's talk about the recent situation in the crypto circle: BTC is still fluctuating around 89,000, and the market needs new driving forces to break the deadlock. To be honest, the recent volatility has been limited, and the trend has been somewhat weak, which is why many people are less interested in trading cryptocurrencies.
ETH's performance is even more awkward — it is completely following BTC's rhythm, hovering below 3000, with no independent trend worth mentioning. The entire market lacks those exciting gains that can boost enthusiasm; it's basically a test of patience. Let's wait for the next turning point to appear.