First Mover Asia: Bitcoin Falls in Pre-Holiday Trading; Ether Drops

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Falls in Pre-Holiday Trading; Ether Drops
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin remains around $57,000 a day before the U.S. Thanksgiving holiday while tether’s discount to the Chinese yuan mostly recovers from the extended shock of China’s September crypto trading ban.Technician’s take: Initial signs of downside exhaustion could stabilize the intermediate-term uptrend from July. Volatility expected to rise.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $57,002 -1.1%Ether (ETH): $4,250 -2.3%Market movesBitcoin spent most of Wednesday trading below $57,000 with low trading volume, as the U.S. enters the Thanksgiving holiday. Ether dropped below $4,300, a…