Crypto Market Little Changed as U.S. Votes
Bitcoin is little changed, having recovered from a dip below $68,000. Aside from today’s U.S. presidential election, which has traders seeking clues for the next market move, BTC has also been threatened by activity by Mt. Gox. The defunct crypto exchange transferred over 32,000 BTC ($2.2 billion) to unmarked wallet addresses, often a sign…
Bitcoin Falls Back Below $68K, Still Outperforms Broader Market
Bitcoin traded between $67,500-$67,900 during the European morning following a retreat from above $68,000. BTC remains over 1.2% higher in the last 24 hours, outperforming other major tokens, which have posted more modest gains. ETH and SOL have risen around 0.75%, while DOGE is up nearly 1%. The broader digital asset market, as measured…
BTC Rebounds to $67K After Subdued U.S. Economic Data Reading
The number of so-called whales or network entities owning at least 1,000 BTC jumped to 1,678 early this week, reaching the highest since January 2021, according to data tracked by Glassnode and Bitwise. The growing accumulation by large holders alongside solid uptake for alternative vehicles, especially the U.S.-listed spot ETFs, suggests increasing confidence in…
First Mover Americas: BTC Revisits $67K on Leverage Flush, APE Options Fly
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source link
BTC’s Fall Below $67K Prompts Broad Market Dip
Bitcoin slid below $67,000, prompting a broad decline across the major cryptocurrencies. BTC dropped under $66,500 during the late European morning, around 1.3% lower in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has fallen just over 1.5%. Bitcoin ETFs snapped a seven-day winning streak on…