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 average, for the first time since April 2020, Craig Erlam, senior … [Read more...] about Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout
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Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
Most cryptocurrencies traded lower on Tuesday as rising bond yields continued to weigh on U.S. equities. As investors reduce their appetite for risk, the most speculative areas of global markets have been hit the hardest.For example, the Nasdaq 100 is down about 5% from its all-time high, compared with a 4% drawdown in the S&P 500 and a roughly 37% drawdown for BTC. … [Read more...] about Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift is Priced in
Bitcoin appears to have digested the U.S. Federal Reserve’s (Fed) impending hawkish or anti-inflation policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally post the Fed decision due later on Wednesday.The central bank is widely expected to announce a $30 billion reduction in asset purchases starting in January … [Read more...] about Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift is Priced in
Bitcoin Decline Could Stabilize Around $60K Support
Bitcoin (BTC) dipped below $65,000 as buyers continue to take some profits. The cryptocurrency was trading around $64,000 at press time and is down 2% over the past 24 hours. Lower support is seen around $60,000, which could stabilize the current pullback.The relative strength index (RSI) on the four-hour chart is near oversold levels, similar to Oct. 27, which preceded a near … [Read more...] about Bitcoin Decline Could Stabilize Around $60K Support
Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline
Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › AnalysisThe crypto space saw choppy market conditions over the weekend as a crucial Bitcoin metric saw one of its biggest drops in history. Rohan Jethi · July 5, … [Read more...] about Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline