Market Wrap: Bitcoin Drops Below $19K Amid Ongoing Volatility

Bitcoin and ether both traded lower on Friday following Thursday’s mild increase. Both digital assets continue to trade sideways, as they lack a substantive catalyst to push prices higher.

Bitcoin’s price fell 4% on moderate volume on Friday, following a 5% increase on Thursday. The largest cryptocurrency by market capitalization is now trading below $19,000 and is down 5% week over week. So far this year, bitcoin prices are down 61%. Ether fell 3%, also on moderate volume compared to its 20-day moving average. Ether prices are down 12% week over week, and 65% year to date. Since the widely anticipated and successful Ethereum Merge, ETH prices are down approximately 20%. Ether supply has increased by 5,400 post-Merge, though supply would have likely increased by more than 105,000 ETH had it not occurred. So while the Merge has not been deflationary by textbook definition, it has slowed ETH’s inflation rate considerably.

September’s reading was higher than August’s reading of 44, and above expectations for 48. Ironically, business expansion is not ideal for risk assets at the moment, as it willTraditional equities declined, as the Dow Jones Industrial Average fell 480 points, a 1.6% drop that sent the index to its lowest point of the year. The tech-heavy Nasdaq composite and S&P 500 both slipped about 2%.Energy sold off as well, with WTI crude oil falling 5.4%. Natural gas declined 3.

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Market Wrap: Bitcoin Holds Over $19K, Continues Wild RideMARKET WRAP: $BTC held over $19K, but seems poised to stay within a tight range. GWilliamsJr_CMT and _jocelynyang_ report GWilliamsJr_CMT _jocelynyang_ Nope, seems like it's still headed for Valentine's Day;
स्रोत: CoinDesk - 🏆 291. / 63 और पढो »

Amount of ‘HODLed’ Bitcoin hits a 5-year high amid heavy market volatilityInvestors are adopting different strategies to manage the ongoing Bitcoin (BTC) price correction amid expectations that the asset will rally... Continue reading
स्रोत: CryptoPanicCom - 🏆 563. / 51 और पढो »

Ripple Explodes 22% Daily, Bitcoin Flat at $19K (Market Watch)XRP has soared above $0.5, while ADA is up by 5% following the implementation of the Vasil update.
स्रोत: Crypto_Potato - 🏆 568. / 51 और पढो »

Fed-Induced Volatility Pushed Bitcoin to New 3-Month Lows at $18K (Market Watch)Over $300 million worth of liquidations in the past 24 hours are the result of the enhanced volatility. Having a Federal Fund Rate of 4-5% is perfectly normal and historic. Stop the panic folks.
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