Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

The crypto market was in a sea of red on Friday as bitcoin, the world's largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours.

It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in widespread losses. Bitcoin is down roughly 40% from its all-time high of almost $69,000, while the S&P 500 is down about 7% from its peak, compared with a 10% drawdown in the Nasdaq 100 Index.

Alternative cryptocurrencies led the way lower on Friday given their higher risk profile relative to bitcoin. Ether, the world's second-largest cryptocurrency by market cap, was down about 13% over the past 24 hours, compared with a 14% drop in AVAX and a 16% drop in FTM over the same period. Despite the losses, some analysts still foresee a short-term bounce."We expect BTC to find a bid around the $35K mark, close to 50% from the top.

, a technical research firm, wrote in a Friday briefing. Stockton assigns a 30%-70% probability of a continued breakdown below current BTC price levels.

CoinBox Binance News Strategic Partner The world's first Web3.0 project launch platform to build the world's first Web3.0 Launchpad economic system BSC contract: 0x974DaB62adA92D9DB1301420AAd3bcdD6082F825 Slippage: 10-15% CoinBoxChina

BTC down quite a bit from its highs in such a short time! Sharp turn

Be the change that you wish to see in the world. The revolution comes from the DogeCola drink, a physical product united with the crypto world,DogeCola soon available on Amazon.

GameVerseBSC 🎮Free to play P2E 💵Pays in BNB 🕹️ PlayToEarn app this month 📈Profit Sharing 🔥CMC & CG Listed Day1 😎Doxxed devs 🧾 Registered Company 🔒Liquidity 1 year 🚀Long term Utility 💯SAFU! 💎 LowCapGems GameVerse GameFi Launchpad Crypto gaming Metaverse GMV

Choosing the right investment strategy can reduce your risk and make the most of your money. I have made over 2.3 BTC profit this year regardless the market condition not just by buying the dip but understanding & implementing trade with signals supplied by Lifeliftting

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Crypto Billionaire Mike Novogratz Who Predicted $38K Bitcoin Bottom Speaks on Market OutlookMike Novogratz, crypto billionaire who predicted $38,000 Bitcoin low, talks market outlook
منبع: Utoday_en - 🏆 295. / 63 ادامه مطلب »

$200 Billion Gone From Crypto Markets as Bitcoin Dumped to 6-Month Low (Market Watch)The bears have complete control over the cryptocurrency market with $200 billion gone in a day as BTC dumped below $40K.
منبع: Crypto_Potato - 🏆 568. / 51 ادامه مطلب »

Bitcoin, Netflix, Peloton, Coinbase: What to Watch When the Stock Market Opens TodayNetflix warned of slower subscriber growth; Cryptocurrencies were broadly down. What we're watching at the end of a PLANdemic
منبع: WSJ - 🏆 98. / 63 ادامه مطلب »

Bitcoin Dips Below $40,000 During Broader Asia Market Sell-OffBitcoin falls below $40K during broader market sell-off. thesamreynolds reports. thesamreynolds stonkscoinbsc stonks gems thesamreynolds 🥱🥱🥱🥱🥱 thesamreynolds
منبع: CoinDesk - 🏆 291. / 63 ادامه مطلب »

Breaking 'bear market' in Bitcoin demand will spark next BTC price surge — analystsBTC price action could benefit most from the classic Bitcoin supply and demand transformation this year, analysts agree.
منبع: Cointelegraph - 🏆 562. / 51 ادامه مطلب »

Market Watch: Bitcoin Still Around $42K, Cardano (ADA) Sees 20% Correction in 2 DaysBitcoin continues to stand still around $42,000. Most alts have recovered some ground since yesterday but ADA keeps losing value.
منبع: Crypto_Potato - 🏆 568. / 51 ادامه مطلب »