Cryptos decline on the back of Wall Street losses and Fed speculation
Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.
Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.
Bitcoin traded flat on Tuesday afternoon in Asia. Ether dipped, while most other top 10 non-stablecoin tokens traded flat to lower. Solana rose.
The FTX founder faces charges of wire fraud, securities fraud, commodities fraud and money laundering related to the exchange’s collapse in November.
Bitcoin edged higher on Tuesday morning in Asia. Ether also edged up, while other top 10 non-stablecoin tokens traded flat to higher. Solana led the winners.
Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.
Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
Huobi has contacted multiple data platforms to update its cryptocurrency holdings, following market talk that the it might face an insolvency issue.
SEC seeks to appeal a court ruling in July that the programmatic sale of Ripple’s XRP cryptocurrency did not qualify as sales of financial securities.
Bitcoin and Ether dipped on Friday morning in Asia, while U.S. CPI data points to a potential rally in the crypto market.