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SINGAPORE (BLOOMBERG) - Bitcoin continued a weeks-long drop on Friday (Jan 7), falling below US$42,000 to levels not seen since September. . Read more at straitstimes.com.
(Bloomberg) -- Bitcoin and Ether remain under pressure after a bruising U.S. session that left much of the cryptocurrency community in shock.The two leading digital tokens slipped back toward this week’s lows during Asian trading before rebounding. Bitcoin dropped as much as 8.7% but subsequently climbed to trade around the $40,000 mark as of 2:20 p.m in Hong Kong. Ether slumped as much as 15% but later pared that decline.Cryptocurrencies are reeling after Tesla Inc. founder Elon Musk complained about the fossil-fuel usage implied by Bitcoin’s energy needs while reversing his ple...
Markets are showing signs of recovery after Wednesday’s dramatic selloff.
After Bitcoin rallied to $42,000, the cryptocurrency carnage was reduced | Business Wire Business & Economic News After the sharp sell-off on Wednesday, the cryptocurrency market is showing signs of recovery. Bitcoin hovered around $42,000, and ether rebounded as investors tried to figure out the multi-billion dollar collapse and broke the concept of cryptocurrency as a mature asset class. Jeffrey Halley, senior market analyst at Oanda, said: “Nowadays, you can’t attract good buyers in the financial market for a long time, and the same is true for cryptocurrencies.” “Yesterday’s lar...
Crypto markets are showing signs of recovery after Wednesday’s dramatic selloff. Bitcoin hovered near the $42,000 mark and Ether rebounded as investors tried to make sense of the crash that wiped away billions and shattered the notion of crypto as a maturing asset class. “You can’t keep a good dip buyer down for long in the financial markets these days, and cryptos are no different,” said Jeffrey Halley, a senior market analyst at Oanda. “The mass liquidation yesterday will have thinned out the ranks of believers.” Volatility has dominated crypto markets, with Bitcoin plunging and...