Coinbase, Microstrategy Lead Crypto Stocks Lower in Market Rout
Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000. Source
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Rout
Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
Ethereum's native token Ether (ETH) tumbled to its worst levels in almost two months against the U.S. dollar on May 6 as the rout in financial markets rippled across the cryptocurrency sector. Nonetheless, ETH did fare better than Bitcoin (BTC) with the ETH/BTC pair hitting a three-week high.ETH/BTC daily price
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Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout – Bitcoin News
The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is now moving in “lockstep” with market equities.
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Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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BTC price falls below $38K as Tencent leads worst China tech rout since July
Bitcoin (BTC) kept falling lower on Feb. 21 as $38,000 became the latest level to fail the test for bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 eyed as BTC relief bounce targetData from Cointelegraph Markets Pro and TradingView painted a grim picture for BTC/USD Monday, as $38,000 support abruptly vanished after
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Bitcoin bounces at $36.6K as Meta adds 20% losses to US tech stock rout
Bitcoin (BTC) recovered above $37,000 on Feb. 3 after a stocks rout took the wind out of bulls' latest attempt to crack $40,000 resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Extraordinary moves" for stocksData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying lower after briefly hitting $36,650 on Bitstamp Wednesday.The weakness
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Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout – Market Updates Bitcoin News
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based
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Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout
Cryptocurrency stocks were also falling amid a broader stock market rout, with technology shares bearing the brunt of the recent downtrend. The tech-heavy equity index Nasdaq has fallen 5% this week and was down 1% on Friday. The index fell through some key technical support levels, including the 200-day moving
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Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days – Defi Bitcoin News
30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge
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Dow Rallies 300 Points as Bulls Halt Stock-Market Rout
The Dow Jones rose around 300 points Thursday.Investors bought the dip aggressively after a sharp stock market sell0ff this week.Persistently high jobless claims show how far the economic recovery has to go.The Dow Jones rallied on Thursday, as investors looked to buy the dip after a miserable few days of
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