News Formal

Crypto market tumult continues as bitcoin slips below $30,000

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Bitcoin's price traded below $30,000 late Monday amid continued turbulence in the crypto market.

According to data from TradingView, BTC fell to $29,825 before posting a recovery. At press time, the cryptocurrency is trading at $29,850.As reported earlier Monday, the algorithmic stablecoin UST has incurred a significant price decline, falling more than 30% on Binance against USDT. At press time, UST is trading for roughly $0.67, with a low of $0.6065.

Speaking to The Block on the market situation Monday, Genesis Global Trading head of derivatives Josh Lim said that"[w]e're seeing a slow-motion meltdown, partially because it's mostly been long holders selling and also because OTC market structure has shifted to slow-moving algo executions instead of at-risk blocks."

"Now that some corporate treasuries are underwater on their BTC cost basis and others are very close, markets are waiting and watching to see if shareholders will force some de-risking," he continued.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 464. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

‘The Profit’ host Marcus Lemonis facing $30 million lawsuit from Pa. brothers alleging show was ‘mob-style scam’ that bankrupted their businessMarcus Lemonis is reportedly worth half a billion dollars, but the big-time businessman will have to come off of a few million of those bucks if a former Pennsylvania company gets its way in court.
ソース: PennLive - 🏆 463. / 53 続きを読む »

Bitcoin's price is down over 50% from November all-time highs amid crypto market compressionBitcoin’s price is down over 50% from November all-time highs amid crypto market compression
ソース: TheBlock__ - 🏆 464. / 53 続きを読む »