Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cryptos – American Wrap 10 March

Ethereum (ETH) is down 2% on Monday, trading NEAR the $2,000 psychological level despite increased exchange net outflows. The sustained negative market sentiment is potentially coming from crypto exchange-traded funds (ETFs) investors who have continued to scale down their holdings.

Bitcoin price rebounded 3% to reclaim the $82,200 level at noon European trading on Monday, having tested new lows near $80,000 earlier in the day.

Bitcoin (BTC) hovers around $82,000 on Monday after falling nearly 15% last week. This price correction triggered a series of liquidations across the crypto market, totaling $687.73 million in the past 24 hours. A QCP Capital report highlights that momentum was derailed by the Bybit hackers cashing out at least $300 million of their record-breaking $1.5 billion crypto heist on Sunday, causing BTC to decline again.