The crypto market witnesses minor relief while the overall sentiment remains bearish.
The crypto market saw some relief after the weekend shedding, which caused several cryptos to test their support levels., . Bitcoin (BTC) is up by 1.11%, trading at $23.3K, after witnessing 11.9% weekly losses. Ethereum (ETH) is lagging behind with 0.8% gains in the last 24 hours, attempting another push towards $1,600. It witnessed 16.88% losses over the week.
Among the stablecoins, Huobi stablecoin (HUSD) has made a revival bid and is now trading at $0.99, down by 0.7% in the last 24 hours. The altcoins are also trading in the green, having gained moderately since yesterday. Despite the slight respite, the overall momentum in the market looks bearish.