News Formal

Bitcoin tightens grip on crypto market in sign of cautious investor mood

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Bitcoin was little changed at $27 677 as of 11 a.m. in Singapore on Tuesday.

Bitcoin’s share of the cryptocurrency market is climbing toward levels last seen in 2021, a sign of the cautious mood in digital assets as investors favor the largest token.

Bitcoin’s outperformance of alternative coins bolstered its “longstanding claim to provide a safe haven, or at least diversification benefit, to traditional markets investments,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets. Even so, some investors are pinning their hopes on seasonal and technical patterns. Over the past decade, Bitcoin on average rose 24% in October, according to data compiled by Bloomberg.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasuries rise with stocks on softer Fed comments: Markets wrapBitcoin was little changed at $27 596.97
Source: Moneyweb - 🏆 5. / 77 Read more »

Treasuries rise with stocks on softer Fed comments: Markets wrapBitcoin was little changed at $27 596.97
Source: Moneyweb - 🏆 5. / 77 Read more »