Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies
Bitcoin and other cryptocurrencies fell as investors chewed over the industry’s latest debacle.
Bitcoin Outlook in Wake of FTX Implosion
Quantum Economics Bitcoin Analyst Jason Deane discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency slips on the news of Genesis' crypto-lending unit halting customer withdrawals. Plus, insights into the bitcoin mining industry. Genesis and CoinDesk both operate under Digital Currency Group.
Bitcoin's Next Support Levels Closer to $12K Range
It's now been more than a week since the price of bitcoin hit a two-year low at around $15,600, and price charts suggest a drop down to $13,000 is still possible. Separately, gold-backed cryptocurrencies like PAXG and XAUT have performed positively in the past seven days, decoupling from the broader market swoon. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Have Crypto Markets Reached Bottom?
Investors maintain confidence in crypto, but are anxiously eyeing developments that could sink prices further.
Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.
First Mover Americas: FTX Fallout Reverberates Across Crypto-Land
The latest price moves in crypto markets in context for Nov. 16, 2022.
Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity
The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.
Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks
A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.
First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle
The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators to tighten restrictions.
Market Wrap: Bitcoin Rises on Encouraging Inflation News
The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge.
