Good morning. Here’s what’s happening:Market moves: Bitcoin's price slid in tandem with tech stocks.Technician’s take: BTC downside could persist into the Asia trading day; support around $40K.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,581 -3.2%Ether (ETH): $3,250 -3.5%MarketsS&P 500: … [Read more...] about First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide
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Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance
Bitcoin (BTC) breaking below $30,000 has cost it almost all of its 2021 bull run gains — but a historic silver lining is ready to rescue bulls.Data from crypto exchange Binance's order book confirms that BTC/USD has almost dipped to the strongest support zone ever seen.BTC price arrives at "biggest bid ever" It has been a rough 24 hours for Bitcoin hodlers, and the rout doesn't … [Read more...] about Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance