Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial auditor Mazars paused all work for crypto clients.
Bitcoin
Bitcoin (BTC) extended recent declines on Saturday, as markets continued to be nervous following recent uncertainty surrounding Binance’s proof-of-reserves audit.
The auditor in charge of the diligence, Mazars, opted to pause all of its work with crypto clients earlier this week, leading to a resurgence of bearish sentiment.
As a result of this news, BTC/USD fell for a third straight session, hitting a low of $16,584.70 to start the weekend.
Looking at the chart, BTC fell below a key support point of $16,700, hitting its lowest point since November 30 in the process.
Prices have since rebounded, as the 14-day relative strength index (
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