Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.
Bitcoin returned to US$26,000 on Friday, bolstered by Ark Invest’s Ether ETF application and Grayscale’s continued efforts for its potential Bitcoin ETF.
Bitcoin rose in afternoon trading in Asia, leading the gainers in the top 10 cryptocurrencies, fueling a wider market recovery as it returned to the US$26,000 support level. Despite the uptick, market experts warn of another potential drop to US$25,000. See related article: Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift…
Bitcoin rose Friday morning in Asia to above US$26,000, leading a rally across most top 10 cryptos. Ether gained but was still below US$1,650.
Toncoin led gainers in the top 10 cryptos after it saw stronger investor interest since the launch of its new programming language, Tact.
Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600.