Wednesday, April 24, 2024
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Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

●Bitcoin (BTC): $41895, −4.40% ●Ether (ETH): $2798, −5.15% ●S&P 500 daily close: $4363, −0.53% ●Gold: $1941 per troy ounce, +1.05% ●Ten-year Treasury yield daily close: 1.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);

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Market Wrap: Cryptocurrencies Fade on News That Powell Will Be Renominated as Fed Chairman

Bitcoin traded lower on Monday after buyers failed to sustain a weekend rally toward $60,000. The cryptocurrency was trading at around $56,000 at press time and is down about 5% over the past 24 hours.Equities and cryptocurrencies initially ticked higher earlier during New York trading hours after U.S. President Joe

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