Bitcoin

Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in ...

Nasdaq futures were down a further 2.3% on Monday. MKTS-GLOB read more Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Cryptocurrency losses steepened over the weekend. Crypto trades 24 hours a day, including weekends. “Bitcoin has followed the lead of the equity market, ...

"But other inflation metrics are starting to slow down and the April CPI could follow suit, which in turn will likely alleviate the market's concern and help recover its risk sentiment." Bitcoin needs to maintain the key psychological level of $33,000 to prevent further deterioration of technical sentiment, Hasegawa added. Losses steepened over the weekend. Key U.S. inflation data for the month of April, due to be released Wednesday, could be a temporary "turning point" for bitcoin, according to Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. Crypto trades 24 hours a day, including weekends. "Bitcoin has followed the lead of the equity market, extending lower after a weak April," said Katie Stockton, founder of Fairlead Strategies. "Short-term momentum has deteriorated … and bitcoin is no longer oversold from a short-term perspective."

Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart ...

“In Europe, equities are sharply lower, following the Nasdaq experiencing its sharpest one-day fall since June 2020. The largest weekly losses in the top ten belonged to Terra ( LUNA), which shed 27% on the back of controversy over its TerraUSD (UST) stablecoin. “We’ve seen renewed selling in Bitcoin and the wider digital token market as the prospect of increasing interest rates and a deteriorating economic environment continues to weigh on risk assets,” analysts at major exchange Bitfinex, meanwhile, told Cointelegraph in private comments. With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly losses now at 15%. “A bitcoin dip down to it's realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles,” he began a Twitter thread by stating on May 9: Bitcoin ( BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening.

Other cryptocurrencies, sometimes referred to as altcoins, have been hit hard too. Ethereum, binance, solana and cardano are all down about 15% in the past week ...

The Federal Reserve is starting to pull back on monthly bond purchases and other stimulus which could be bad news for all sorts of speculative assets. The CNN Business Fear & Greed Index That's bad news for bitcoin too, as many crypto backers point to dollar weakness as a bullish sign for digital currencies. , which tends tor rise in tandem with interest rates. The massive pullback in these and other momentum tech stocks is yet another sign of the rapid shift in the market's mood this year. and susceptible to the same concerns that are dragging down the Dow

The price of bitcoin plunged below $33000 on Monday – a downturn that has coincided with a sustained losing streak for US stocks as the market brace for the ...

The tech sector’s recent poor performance reflects a declining investor appetite for riskier holdings. The central bank is tightening monetary policy after taking a lenient approach during the COVID-19 pandemic. The price fell to its lowest level since July 2021.

Bitcoin just hit its lowest point since July 2021. Here's how low one expert thinks it could go, and what investors should know.

Increased institutional adoption of crypto has made its market more intertwined with the stock market, which in turn, has been largely impacted by the war in Ukraine, surging inflation, and the Fed’s tightening monetary policy, experts say. Bitcoin’s big drop Monday is just the latest reminder for investors that crypto assets come with extra risk and volatility, especially in times of economic and political uncertainty like we’re in now. Bitcoin’s high point of the year so far remains in the earliest days of January, when it nearly hit $48,000. It’s been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. A correlation of one means that they move equally one to the other.” And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021.

The dramatic drops follow the Fed's move last week to hike interest rates by half a point to combat inflation. The largest interest rate increase in 20 years ...

The dramatic drops follow the Fed’s move last week to hike interest rates by half a point to combat inflation. Ethereum, the second-largest cryptocurrency, also fell by 5% since Friday. As of Monday morning, Bitcoin is down to $32,940, a drop that marks a steep fall of more than 50% since its all-time high of $68,990 in November — and Bitcoin isn’t the only digital currency taking a dive.

Cryptos slumped across the board all weekend, and added to declines Monday morning as global equity markets swooned.