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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Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high
Bitcoin (BTC) gained 4.3% on May 12 as cryptocurrencies recovered losses despite increasing turmoil on global stock markets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBTC price reverses upwardsData from Cointelegraph Markets Pro and Tradingview showed BTC/USD erasing almost all the previous day's losses on Wednesday to trade above $57,500 at the time of … [Read more...] about Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high