Bitcoin (BTC-USD), Ethereum (ETH-USD) and a raft of major cryptocurrencies are facing more selling pressure Monday morning as investors' risk appetite narrows. As U.S. stock market index futures imply a weaker opening, bitcoin (BTC-USD -2.9%) is sliding to $39.31K and ether (ETH-USD -3.7%) is drifting down to $2.93K. It appears that investors are shifting their focus to safe haven assets such as Gold (XAUUSD:CUR +1.0%) in a backdrop of tighter monetary policy and geopolitical tensions. Gold is approaching $2K per ounce again, recently changing hands around $60 below its all-time high of $2,089 in Aug. 2020. On a technical basis, while Bitcoin (BTC-USD) has been trading in a six-month cyclical decline, it's “not close to an oversold reading,” and $35K support probably won't hold, said John Roque, technical analyst at 22V Research, in a note to clients Sunday, as reported by Bloomberg. “We continue to believe that it will get
