The crypto market has calmed down in the last 24 hours, stopping the bearish attack and finding consolidation. Bitcoin was trading around $61K on Sunday morning, while Ethereum is now below the important $3K level. 🐂

Yesterday, Bitcoin price underwent a sudden correction, dropping below $61K and losing around 3.5% in a day. This seems to be related to statements from representatives of the US Federal Reserve, who said that it may be too early to think about cutting interest rates.

However, the market has calmed down since then, and it looks like the worst is over. The bulls even attempted a recovery, but it was quickly halted around $61.4K when sellers stepped in and pushed the price down to $61K, where it is currently trading.

Altcoins consolidate, Ethereum below $3K. None of the major altcoins have recovered from yesterday's crash, but at least they are consolidating and posting very small gains.

Ethereum is now consolidating below the critical $3K psychological level, and it will be interesting to see if buyers will be able to recapture it soon.

Let's discuss in the comments, do you think the Bitcoin bulls are regrouping? 🚀#Bitcoin#Ethereum #CryptoNews