Bitcoin is hovering close to US$16,700, which is still far below pre-crash levels, but a 3% improvement against the day.
The benchmark cryptocurrency has a strong resistance wall at US$16,800 before bulls can attempt to reclaim ground ceded following the devastating FTX collapse.
Ethereum (ETH) is changing hands at US$1,260, which is a 3% improvement on the day, yet 20% down week on week.
There is a lot of ground for Ethereum to cover following last week’s market rout, but with virtually unchanged fundamentals and liquidity among other primary exchanges, the bulls have strong support behind them.
As for the rest of the large-cap altcoin space, Solana remains battered and bruised, having lost over half of its market capitalisation due to the blockchain’s exposure to the now-bankrupt FTX exchange.