FOREX INVESTORS Bitcoin and Ethereum pared losses on Wednesday, after falling to session lows amid growing investor fears of further selling pressure in both cryptocurrencies.
On the U.S.-based GDAX exchange, BTC/USD rose to $2,605.1, up $34.6, or 1.35% while Ethereum added 1.99% to $272.81.
Bitcoin and Ethereum
Growing investor fears that bitcoin could come under further selling pressure have continued to dominate trading moves in the digital currency since it fell from its peak of $,3000 achieved in June, as analysts warn that a correction is likely before a new peak is established.
Sheba Jafari, the head of technical strategy at Goldman Sachs, said last week that a correction period in bitcoin "shouldn't go much further than 1,857" but added that "there's potential to extend as far as 3,915".
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