Asia Morning Briefing: Market observers say Bitcoin’s structure looks weak even as industry strengthens

Bitcoin (BTC) has dropped 3% to 113,000 USD, while Ether (ETH) has fallen 5.6% to 4,100 USD in the past 24 hours.

While some analysts highlight fragility in the market with a fading momentum, others like Enflux see the crypto industry maturing quickly, despite current price weaknesses.

Noteworthy activities include Google investing in TeraWulf and Wyoming’s stablecoin project, indicating a strong institutional interest in the crypto space.