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Latest from Damanick Dantes
First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
But investors are still unclear whether crypto will continue to follow trends in equity markets or is an uncorrelated asset.
Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk
Bitcoin is down about 40% from its all-time high, compared with a 10% decline in the Nasdaq 100 Index.
Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.
First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
The largest cryptocurrency by market capitalization plummets below $41,000 after rising earlier in the day.
Market Wrap: Bitcoin Rises Despite Russia's Proposed Crypto Ban
Traders appeared unfazed by Russia's proposal as bitcoin rose 3% over the past 24 hours.
Bitcoin Returns Above $43K; Resistance Near $45K-$48K
Oversold conditions are attracting short-term buyers.
First Mover Asia: Bitcoin Slides Under $42K; Altcoins Fall
Analysts are noting the correlation between sagging tech stocks and crypto.
Market Wrap: Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
Bitcoin was roughly flat over the past 24 hours while trading activity in alternative coins increased.
Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Buyers could remain active into the Asia trading day as momentum improves.
Grayscale Bitcoin Trust Discount Hits Record at 26.5%
Analysts don't expect a spot bitcoin ETF conversion anytime soon, and in the meantime, investors in the GBTC fund are getting charged fees.
