Good morning. Here’s what’s happening:Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend.Technician's take: BTC is stabilizing on intraday charts, although $30,000 is a more significant level to watch given the decline in long-term momentum.Catch the latest episodes of CoinDesk TV for insightful interviews with … [Read more...] about First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
Asia
First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Good morning. Here’s what’s happening:Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop.Technician's take: Oversold conditions are attracting short-term bitcoin buyers.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): … [Read more...] about First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
"Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasurys, as investors continue to position for an accelerated tightening timeline. The market is now pricing in at least [four] rate hikes this year, with the probability of a [fifth] ticking up this week. While a lot of headlines have focused on nominal yields, it’s the recent spike in real … [Read more...] about Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors
Good morning. Here’s what’s happening:Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed.Technician's take: BTC appears oversold into the Asia trading day, but upside remains limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,463 +0.8%Ether (ETH): $3,166 … [Read more...] about First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors
First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs
Good morning. Here’s what’s happening:Market moves: Bitcoin's price hovered above $43,000 as investors looked for signs that the cryptocurrency's price had hit a bottom point.Technician’s take: Support remains intact, which could keep BTC buyers active over the short term.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and … [Read more...] about First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs