Bitcoin Price Analysis

• Bitcoin price is currently $25,836 below the 50-day moving average of $27,731.
• This indicates a bearish trend in the market.
• The week-over-week price has decreased by 0.5%.

Ethereum Price Analysis

• Ethereum (ETH) price is currently $1,617 below the 50-day moving average of $1,752.
• This also indicates a bearish trend in the market.
• The week-over-week price has decreased by 1.1%.

According to Markus Thielen, a crypto services provider at Matrixport, the overall trend in both Bitcoin and Ethereum prices is down, which indicates a bearish sentiment in the market.