Tags : Mover

Market

First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New

Bitcoin was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August.  “Bitcoin is seeing some consolidation itself after surviving another run at $30,000,” Craig Erlam, senior market analyst for the London-based foreign exchange brokerage Oanda, wrote Monday in an investor update. […]Read More

Market

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros

Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March.  “A break of $30,000 could have been bad news but it managed to turn things round,” Craig Erlam, senior market analyst for the London-based foreign-exchange brokerage Oanda, told clients early Friday in an email. “We may see a small rebound now, […]Read More

Market

First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock

Bitcoin (BTC) was lower for a third straight day, slipping below the $34,000 level that had been seen as a market floor in recent weeks.  “Downside volatility struck,” Lennard Neo, head of research for the cryptocurrency-focused Stack Funds, wrote Thursday in a weekly newsletter.  In traditional markets, European share indexes rose ahead of a press conference with European […]Read More

Market

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at […]Read More

Market

First Mover: Ether Steals Limelight With New All-Time High Price

Bitcoin (BTC) was higher for a second day, staying in the past two weeks’ range of between roughly $34,000 and $40,000.   “This period of consolidation is building a solid base, giving those who wish to sell bitcoin plenty of time,” according to the cryptocurrency exchange firm Diginex.  Ether (ETH), the second-biggest cryptocurrency, rose Tuesday to […]Read More

Market

First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin Yet to

Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000. After the recent market correction, prices for the cryptocurrency are still up 18% year-to-date, versus a 1.2% gain for the Standard & Poor’s 500 Index of large U.S. stocks.   “Now is probably not the time to panic,” Matt Blom, head of sales and trading […]Read More

Market

First Mover: Market Signs Look Healthy as Bitcoin Sell-Off Subsides

Bitcoin (BTC) was down for a fourth straight day, though changing hands well above Monday’s low around $30,000. After soaring to a new all-time high around $40,000 last week, prices have tumbled about 13% since Saturday, the most for a three-day stretch since March 2020, according to TradingView.  “Volatility is the price you pay for performance,” […]Read More