Bitcoin and Ethereum catch their breath amid market mayhem

In a madcap time of immense disruption, the crypto markets took a breather to round the week off, with most major cryptocurrencies showing minimal price action.

Bitcoin managed to stave off any further losses by inching higher to US$16,665, but the bulls face stiff resistance before reclaiming support above US$17,000.

Week on week, bitcoin is slightly more than 4% down against the US dollar.

Ethereum also managed to fend off the bears by gaining support at US$1,200 and has rounded the week off approximately 5% lower.