Market Buzz

📅 May/19

Your Monday dose of what's hot, moving, or just plain weird in the $BTC x $ETH markets.

Let's dive in 👇

Quick Bits 🦡

• Moody's downgraded US credit rating from AAA to Aa1 on Friday, triggering broad market volatility, including crypto

• $BTC peaked above $106K before retreating to $103K level as investors react to the Moody's downgrade

• Over $600M in crypto positions liquidated in 24 hours ($460M longs/$220M shorts)

• Ethereum struggling at $2,400 after failing to hold $2,700, now testing critical support

• Whale activity shows increasing $ETH accumulation despite price drop, signaling long-term confidence

• ETH/BTC ratio currently at 0.0233, down 3.7% in the past 24 hours

• $BTC's 200-week moving average now exceeds $47K, potentially indicating an early-stage bull cycle

📈 Prices & Trends
• Bitcoin: $103,199 (-2.8%)
• Ethereum: $2,392 (-1.5%)
• ETH/BTC ratio: 0.0233 (-3.7%)

Reply with your liquidation horror stories if you got caught in the weekend chaos