Bitcoin, Ethereum Open 0.3% and 0.4% Lower as Bear Market Clouds Breakout Calls
Updated
Updated · Yahoo Finance · Aug 17
Bitcoin, Ethereum Open 0.3% and 0.4% Lower as Bear Market Clouds Breakout Calls
3 articles · Updated · Yahoo Finance · Aug 17
Summary
$62,829.64 bitcoin and $1,874.10 ethereum openings on Aug. 17 marked slight daily declines, though both rebounded by 9:17 a.m. ET to $63,413.32 and $1,894.98.
More than 3% weekly losses for bitcoin and a 1.8% drop for ethereum reflect a market still struggling to find a bottom despite softer economic signals that may ease near-term rate pressure.
Analysts remain split on what comes next: Adam Livingston cites bitcoin's recent low volatility as a breakout signal, while others expect further declines before the bear market ends.
The longer backdrop remains weak, with bitcoin still down 46.5% from a year earlier and ethereum off 57.7%, underscoring how far both remain from their 2025 record highs.