Market Wrap


Markets

Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading

Crypto markets have made a habit over the past few weeks of declining as U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.

Bitcoin price on Sept. 11 (CoinDesk)

Markets

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.

Bitcoin price on Sept. 10 (CoinDesk)

Markets

Bitcoin Retakes $57K, but Potential Positive Catalysts Are 'Sparse,' Says NYDIG

"Bitcoin might be at the whims of the broader market backdrop," wrote NYDIG's Greg Cipolaro.

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Markets

Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.

Bitcoin price (CoinDesk)

Markets

Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows

Bitcoin tumbled below the $56,000 level on Thursday before a modest bounce.

Bitcoin Price 9/5 (CoinDesk)

Markets

Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store

The Crypto Fear & Greed Index has plunged to levels that previously have presaged a sizable move higher in bitcoin prices.

(Art Institute of Chicago/Unsplash)

Markets

Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low

Seasonality suggests a hoped-for bounce after a rough August may not materialize.

Bitcoin Price 9/3/24

Markets

Bitcoin Returns to $59K as Bulls Fail to Flip Key Resistance; AI Cryptos Lead Losses

AI-focused tokens such as FET, Render's RNDR and Bittensor's TAO slipped 7%-10% following Nvidia's post-earnings slump.

Bitcoin price on Aug. 29 (CoinDesk)

Markets

Bitcoin Bounce Fizzles as Nvidia's Slide Ahead of Earnings Adds to Risk-Off Mood

Ether's year-to-date gain has narrowed to less than 10% in crypto's latest price tumble.

Bitcoin price August 28

Markets

Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost 10%

Bitcoin hit the lowest price since Aug. 19. It was not immediately clear what sparked the sell-off.

Bitcoin dove late Tuesday. (CoinDesk)