Technical analysis of Bitcoin (BTC) and Ethereum (ETH)

The three major US stock indexes (Dow Jones, S&P500 and Nasdaq) returned to their lowest prices in two years. Worse still for the European Eurostoxx50 index, which with its latest monthly close in the red, has burned 75% of the gains it has accumulated since the start of the Covid 19 pandemic.

Gold prices, which have always been considered a leading asset for hedging against rising prices, also chalked up a sixth consecutive negative monthly close – the worst since 1982 – bringing quotations back to April 2020 levels as it dances closer to entering a bear market. A loss that reached last March is close to 20% from the absolute peak.