Recap | Why bitcoin still hasn’t experienced a pullback as analysts predicted | Ethereum fundamentals showing strong growth, healthy on-chain metrics
|Jun 10||Public post|| 5|
Ethereum seems to be having a great year so far with some fundamental metrics hitting multi-month highs over the past week.
On June 10, the bitcoin price spiked by nearly $600 in a two-hour span, showing big momentum during a phase in which technical analysts anticipated a pullback to hit the crypto market.
Weiss Ratings, an independent financial ratings agency, has downgraded EOS amid growing concerns about centralization.
In the past seven days, the valuation of the crypto market has fallen by around $30 billion as the bitcoin price dropped by nine percent from $8,567 to as low as $7,451 on major exchanges like Coinbase and Bitstamp.
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