Bitcoin and Ethereum stem price losses: Was it just a bear trap?
Bitcoin (BTC) is coming off five straight days of losses that saw the BTC/USDT pair dip from five-month highs of over US$24,200 to lows of last Thursday of US$22,600. A strong US dollar had to take most of the blame; the greenback rallied after the latest Federal Reserve interest rate hike of 25 bps.