After weeks of brutal selling, technical gauges are signalling potentially positive developments ahead for battered crypto assets.
Large professional and institutional traders were among the biggest sellers during the rout that saw bitcoin tumble about 40% this month, according to analysis from researcher Chainalysis.
Bitcoin is proving to be no haven asset amid the current global market meltdown. The price of the largest digital currency continued to swing wildly as the latest rout showed no signs of slowing down.
Cryptocurrencies are not immune to the gyrations rocking global markets, plunging along with a broad range of assets on Monday in the wake of the collapse in crude oil prices.