Prices stabilize following last week’s drop: After losing over 10% and almost hitting FWB:25K USD, bitcoin (BTC) gradually pared some losses to regain $26k this week as prices stabilized. Ether (ETH) received a boost from reports that the SEC might be preparing to approve an ETH futures ETF.
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Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting FWB:25K USD on Thursday before somewhat bouncing back. The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese...
What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes.
Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased...
The crypto markets move quickly. This is an excerpt from our Weekly Market Update which was originally posted on Friday at 12PM ET. You can view it here or read below.
What Happened This Week?
Takeaways: A lot happened over the past 10 days! Three banks failed within a week of each other, pushing the Federal Reserve to guarantee customer deposits across the...