First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year

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Bitcoin, ether and other major cryptos traded higher on Sunday to regain a small bit of ground lost during a Friday price plunge; India's crypto industry has continued to face challenges this summer in an already difficult year. JPRubin23 reports

Ten-year Treasury yield daily close: 2.99%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atCryptos exhaled over the weekend after Friday's steep price plunge as investors continued to chew over the latest inflation data and ongoing macroeconomic uncertainty.

"Bitcoin's failure to breach $25,000 has capped its rally and it appears that macroeconomic concerns continue to affect markets," Joe DiPasquale, the CEO of crypto asset manager BitBull Capital wrote in an email to CoinDesk.

 

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