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Market Wrap
Bitcoin Tops $27K as Rates and Oil Retreat; Ether Outperforms on ETF Hopes
The broad-market proxy CoinDesk Market Index (CMI) was up 3.8% over the past 24 hours.
Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters
The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.
Bitcoin Barely Holds $26K as Interest Rate Surge Continues
Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking another 1% to its lowest level since early June.
Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?
The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.
Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms
The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.
Bitcoin Hangs on Just Above $27K Ahead of Fed Rate Decision
The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell's press conference for clues about the direction of future policy.
Bitcoin Gives Up $27K in Sharp Tumble as Crypto Liquidations Top $100M
The price earlier on Monday had risen to above $27,400, its highest level since late August.
Bitcoin at $26.4K Set for Weekly Gain, but Rallies Might Continue to be Sold
The world's largest crypto has bounced from a 3-month low below $25,000 hit on Monday.
Bitcoin Steady at $26K, SOL Slightly Dips After FTX Gets Approval to Sell Crypto
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
Bitcoin Drops Below $25K With Altcoins Bracing for Deeper Crash from FTX Crypto Sale
Alternative cryptocurrencies could take a hit as FTX looks to shed its $3.4 billion stash of digital assets, crypto services provider Matrixport noted.
