Crypto Market Plunge ETFs and Election Uncertainty Impact Bitcoin & Miners
August 6, 2024
The plunge marks a stunning reversal for the sector. Until recently, a wave of optimism was sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether, the two biggest cryptocurrencies. Republican presidential candidate Donald Trump’s pro-crypto speech at a bitcoin conference last month also bolstered sentiment, but data […]
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Bitcoin Slides Below $54,000 Amid Mt. Gox Uncertainty and Regulatory Concerns
July 5, 2024
The price of the world’s largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February. It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq (.IXIC), open new tab, have gained. […]
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