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BTC/USD sellers kept gaining strength overnight (UTC), as the short-term bearish pattern continued to play out. After having fallen below $8,000 late yesterday morning, BTC/USD climbed back above $8,000 on multiple occasions, only to quickly return to sub-$8,000 levels.
At the time of writing, bitcoin (BTC) is trading at $7,963.5 (-2.6%) with a daily trusted volume of $1.02 bn. As for ether (ETH), it is trading at $173.6 (-3.6%) with a daily trusted volume of $271.72 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,820.5 (-0.2%