Bitcoin, IMX & Ethereum — Asian Wrap 04 November

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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all faced resistance at crucial levels ahead of the US Elections, leading to a price decline. As of Monday, they neared key support levels, and a firm close below these marks could signal further declines.

IMX declined over 13% on Friday following Immutable’s announcement that it received a Wells Notice from the Securities & Exchange Commission (SEC), presumably due to the private sale of its tokens in 2021.

Ethereum (ETH) is down over 1% on Friday. A key technical support level suggests a bounce off $2,490 amid signs of investor accumulation across on-chain metrics.


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