Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose more than 2% to $2,457.73. Markets broadly bounced early Tuesday, including stocks tied
Topline Bitcoin, ether and other top cryptocurrencies regained ground Tuesday, partially recouping losses after the market suffered one of its worst selloffs in years as Wall Street and global markets reeled over fears of a U.S. recession. Bitcoin prices edged upwards on Tuesday after crashing the day before. AFP via Getty Images Key Facts Bitcoin
A closely followed economist believes crypto and the US stock market are still poised to witness a massive upside move despite the latest correction. Henrik Zeberg tells his 147,900 followers on the social media platform X that it is not yet the time for crypto and stocks to collapse and enter a period of a
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to $50,000 on Monday but managed to recover fast and climb above the $55,000 mark early Tuesday. The fear of recession in the US due to the US Federal Reserve’s decision to maintain high interest rates continues to loom as a major concern among
Data shows the cryptocurrency derivatives market has suffered liquidations of more than $1 billion in the past day as Bitcoin has crashed to $52,000. Bitcoin Has Plunged By More Than 15% During The Last 24 Hours Bitcoin investors have been dealt a shock to open Monday, with the cryptocurrency having crashed by more than 15%,
(Bloomberg) — Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since the collapse of FTX in 2022. Most Read from Bloomberg Top token Bitcoin traded 9% lower at $53,883 as of 4:51 p.m.
Bitcoin is encountering intense market turmoil as the token recently hit a new crypto price low. BTC is currently trading at $53K, down from its earlier price threshold of $65K. In response, the altcoin market has also witnessed a bloodbath regarding pricing. Leading coins like Ethereum, Cardano, and Solana are all trending in bearish zones,
Bitcoin, the world’s largest cryptocurrency token, briefly tumbled below US$50,000 on Monday during one of the worst global markets sell-off in years, hitting crypto investors amid Hong Kong’s efforts to boost its virtual assets sector. Bitcoin at one point on Monday saw its value shed 15 per cent, with its price briefly dipping below US$50,000
Recently, the bloodbath in Satoshi Street has hit all crypto assets hard, with Bitcoin dropping nearly 20% from its $70,000 high and many altcoins falling by 50% or more. This sharp decline is the result of several factors coming together, creating a perfect storm of market troubles. Here are the key catalysts: Reason Behind Massive
CFOTO | Future Publishing | Getty Images Despite recent dips, many longtime crypto investors could have significant gains. The price of bitcoin was still up about 49% year to date, while the price of ether has grown about 40%, as of midday on July 30. If you are expecting a lower-income year for 2024, it