Crypto Market Faces Turmoil Amidst Inflation Fears and Margin Trading Concerns

Bitcoin, Ethereum, and Dogecoin are trending lower, but Ethereum and Dogecoin may be set to bounce back as they trade on lower-than-average volume and work to print hammer candlesticks. Traders and investors can watch the crypto sector over the weekend to gather information on how the stock market will open on Monday. Bitcoin broke down bearishly from a triangle pattern on May 8, which set the crypto into a downtrend. Ethereum entered a downtrend on May 6, while Dogecoin confirmed a new downtrend on Wednesday.