The Crypto Report: Cryptocurrencies have a mini bounce but investors still cautious

Cryptocurrencies experienced a mini bounce, but investors remain “highly cautious" following Terra and Luna’s crash.

Bitcoin was up 2.79% to US$30,358, as the coin continues to flirt at the key support level of US$30,000.

Ethereum on the other hand was up 2.67% to US2,072, also lingering around its own key support level of US$2,000.

According to Naeem Aslam, a market analyst at Avatrade, “the collapse of Terra and Luna has made crypto investors highly cautious and brought them bad memories of the past”.