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cryptocurrencies: Crypto traders cling to hope the momentum will return soon

Synopsis Bitcoin has failed to hold above its 200-day moving average and it fell about 4% in the Asia session to $37,619. Ether, the coin linked to the ethereum blockchain network and the second-biggest cryptocurrency by market value, fell more than 7% to $2,675.10. Both have marked sizeable year-to-date gains, with bitcoin up about 30% and ether more than tripling. Related SINGAPORE: Cryptocurrencies slipped on Thursday, though without falling through recent lows, as traders clung to hopes th...

Cryptocurrencies slip as bounce momentum ebbs; Bitcoin slips 4% to $37,600

Cryptocurrencies slip as bounce momentum ebbs; Bitcoin slips 4% to $37,600 Bitcoin dropped 4% in Asia to about $37,600 and the next biggest crypto token, ether, was down 7.5% at $2,676 - leaving both well above deep week-ago troughs but miles shy of the record highs they scaled in April Reuters | May 27, 2021 | Updated 15:04 IST Cryptocurrencies slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last wee...
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Bitcoin Reclaims $40,000-Mark as Cryptocurrency Volatility Lingers

Bitcoin Reclaims $40,000-Mark as Cryptocurrency Volatility Lingers Bitcoin jumped as much as 6.5 percent to $40,904 (roughly Rs. 29.7 lakhs). By Reuters | Updated: 26 May 2021 16:35 IST Among the drivers of Bitcoins recent slump have been fears of a crackdown in China Highlights Bitcoin plumbed $30,066 (roughly Rs. 21.8 lakhs) last week HSBC has no plans to launch a cryptocurrency trading desk Bitcoin climbed back above $40,000 (roughly Rs. 29 lakhs) on Wednesda...
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Source: ndtv.com

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