• Ether price struggles to maintain support while Bitcoin posted biggest weekly loss since November.
• Binance is back in Russia and the last session saw BTC fall 0.6% against USD.
• US Economic Calendar today includes S&P/Case-Shiller Home Price Indices, US Consumer Confidence and US New Home Sales.
Ether Price Struggles
The Ether price has struggled to sustain $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days.
Bitcoin’s Biggest Weekly Loss Since November
Bitcoin faced selling pressure in the week ended April 23 as bond yields rose and the U.S. dollar liquidity declined. The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November.
Binance Back in Russia
Binance, the world’s largest cryptocurrency exchange by trading volume, quietly lifted restrictions on Russian citizens and residents it had imposed over a year ago. In March 2022, after the EU sanctions Russia, Binance announced it would not support deposits from Visa and Mastercard cards issued in Russia.
Price Movement for Major Cryptocurrencies
The last session saw BTC fall 0.6% against USD; ETH/USD plummeted 1.4%; XRP dropped 0