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Markets
First Mover: Buying Bitcoin's Dip, Betting Against Tether and Weighing the Jobs Report
Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.
V-Shaped Recovery From Bitcoin's Biggest Drop Since March Unlikely, Say Analysts
Despite a slight bounce Friday morning, some analysts don't expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days.
3 Reasons Bitcoin Just Tanked Below $11K for First Time in a Month
Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.
Bitcoin Plunges $403 in 1 Hour to Lowest in a Month
The price plunge came after reports traders were selling an elevated level of bitcoin to exchanges for potential liquidation.
Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike
Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.
Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance
Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.
Bitcoin Nears $12K as Dollar Declines to 29-Month Low
Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.
Ether Price Hits 2-Year High
The two-year high was reached alongside a drop in the number of coins held in exchange addresses.
US Stocks Closing on Bigger August Gain Than Bitcoin
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.
First Mover: Binance's Shrinking Trading Spreads and Bitcoin's Jackson Hole Fizzle
Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.
