A red tide swept across crypto markets in the late hours, as bitcoin crashed below the psychologically crucial $100,000 level for the first time since June, triggering a $1 trillion evaporation in market capitalization. Anxiety about tech valuations spilled over from Wall Street, with leading coi... ... Read full 🔴😞 Market Analysis — 6-11-3
By Heather GillersThings aren't looking good for Harvard's big bet on bitcoin.The nation's oldest and richest university supersize its wager on the cryptocurrency last quarter, ramping up its holdings in iShares Bitcoin Trust ETF to nearly half a billion dollars. Even after Tuesday's rebound, bitcoi…
US spot Bitcoin exchange-traded funds just posted their busiest trading session ever, even as the recent slide in the cryptocurrency’s price has left the average ETF investor holding losses.The surge in activity marks a new phase in the market’s adjustment to this month’s selloff in the sector.Black…
By Gordon GottsegenBitcoin has dropped as much as 35% from its October highTriple leverage and elevated volatility around bitcoin could be a dangerous combination.Bitcoin is having a bad week on top of a rough month: The benchmark cryptocurrency is currently down more than 33% from its October all-t…
The selloff on cryptocurrency markets has accelerated amid exchange traded fund outflows, Saxo strategists say in a note. "Selling was triggered by nearly $900 million in spot bitcoin ETF outflows, led by iShares Bitcoin Trust." The iShares Ethereum Trust ETF also weakened further. Uncertainty aroun…
The XRP price has dropped below the $2.00 psychological level, revisiting levels last seen during the October 10 crash.In comes amid a broader bearish sentiment in the crypto market, that saw the Bitcoin price fall below the $87,000 level and $220 million longs blown out of the water within the hour…