“The sell wall at $49,200 has muted all attempts to push higher and get the market believing again,” Matt Blom, head of sales and trading at the digital-asset firm Eqonex, wrote Thursday in a newsletter. “Hopes and dreams of BTC north of $100,000 have been shattered.” Source link … [Read more...] about Bitcoin Slides Toward $46,000, Dropping Alongside U.S. Stock Market
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Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Source link … [Read more...] about Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark
Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBTC price barely clings to $56,000 supportCointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows of $55,760 during Wednesday trading. A second day of … [Read more...] about Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark