The cryptocurrency market has slightly retraced after a positive start to the week. Bitcoin has dropped below $70,000, while Ether is trading below $2,100 as the market shed 2% of its gains in the last 24 hours. However, Ethereum’s (ETH) onchain and derivatives data showed investors largely maintained their positions over the past week, despite the volatile market conditions. The ongoing Middle East geopolitical tensions continue to affect the broader financial markets, including cryptocurrencies. Ethereum whales continue to hold Ether is down 2% in the last 24 hours and now trades at $2,021 per coin. The bearish performance comes following a positive start to the week. However, investors continue to hold their positions despite the market volatility.
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