Market Wrap
Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts
"Corrections shake out 'weak hands' and leverage, allowing for a stronger foundation for eventual moves higher," said well-followed analyst Will Clemente.
Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K
A "flash crash" in thin trading Sunday evening, saw bitcoin's price plunge nearly 10% from the $44,000 level in the space of a few minutes.
Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to 'Fill CME Gap'
Market observers "underappreciate" future inflows from institutional investors to bitcoin, asset 21.co CEO said in a CoinDesk TV interview.
Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'
BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
Bitcoin Blasts to $44K on Coinbase, Could Run Toward $48K Resistance: LMAX Analyst
The sharp move higher from $42,000 Tuesday prompted $73 million in liquidations, mostly from leveraged positions betting on lower prices.
Bitcoin Rally to $42K Fueled by 'Panic Buying,' Pushes Crypto Market Cap Over $1.5T
The combined market value of cryptocurrencies is the highest since May 2022, when Terra's collapse marked the beginning of the crypto winter.
Avalanche, Helium Lead Monthly Crypto Gains as Bullish Bitcoin Consolidation Spurs Altcoin Season Call
Tokens in the DeFi and Culture & Entertainment sector indexes gained 39%-42% over the past month, showcasing the widening breadth of the crypto rally.
Bitcoin Dips 5% to Under $36K as Crypto Rally Runs Into Wall, Liquidating $340M in 2 Days
The SEC delaying a decision about spot BTC ETFs could leave the market without a catalyst until early January, K33 analysts said this week.
Bitcoin Bounces 6%, Threatens $38K; 'Good Times Are Here,' Analyst Says
Solana's SOL continued to pace gains for altcoins.
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.
