After a few days of resisting the market-wide price drops, bitcoin has also joined the pack with a 2% drop that drove it to $27,000.
Nevertheless, this attempt didn’t see a lot of success and bitcoin retraced to just under $28,000 where it spent the weekend. Monday started with a similar lack of volatility, but the cryptocurrency started Binance Coin is close to breaking below $200 following a more modest 1.5% daily drop. Ripple’s native cryptocurrency has plummeted below $0.5 as it has lost more than 3% of value within the past 24 hours.
More losses come from the likes of Avalanche and Cosmos. Both are down by over 5% to $9.3 and $6.6, respectively.
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Crypto Update | How Will Markets Handle Continued Turmoil?Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto Update | Israel War Prompts Crypto Aid Funds, Bitcoin Doesn’t Budge to Latest Macro FactorsNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
Source: CoinDesk - 🏆 291. / 63 Read more »