Bitcoin and Ethereum retrace as traders take profits

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City AM

By Darren Parkin A brief resistance level that was forming around $23,000 seems to have given way, leaving Bitcoin at a still strong $22,691 this morning The most valuable crypto is up 6.95% over the last week and in the green by 34.46% over a month. Ethereum has slipped by 4.24% since yesterday, trading for $1,551. The CoinDesk Market Index, a good indicator of the state of the general crypto market, has also shed 2.8% in the last day. Analysts say the pullback is likely due to traders taking profits following the rally. Yesterday’s Crypto AM Daily in association with LunoIn the marketsThe Bi…

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