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First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
Good morning. Here’s what’s happening:Prices: Cryptos soar following the U.S. central bank rate hike.Insights: Bitcoin and other cryptos show the impact of events in Asia.Technician's take: Expect choppy price action within the current trading range.Catch the latest episodes of for insightful interviews with crypto industry leaders and analysis. And , our daily newsletter putting the latest moves in crypto markets in context.Bitcoin (): $39,644 +5%Ether (): $2,946 +6%AssetTickerReturnsDACS SectorEthereum Classic+17.8%Cardano+16.4%Cosmos+13.0%There are no losers in CoinDesk 20 today.S&P...…Good morning. Here’s what’s happening:Prices: Cryptos soar following the U.S. central bank rate hike.Insights: Bitcoin and other cryptos show the impact of events in Asia.Technician's take: Expect choppy price action within the current trading range.Catch the latest episodes of for insightful interviews with crypto industry leaders and analysis. And , our daily newsletter putting the latest moves in crypto markets in context.Bitcoin (): $39,644 +5%Ether (): $2,946 +6%AssetTickerReturnsDACS SectorEthereum Classic+17.8%Cardano+16.4%Cosmos+13.0%There are no losers in CoinDesk 20 today.S&P...WW…
Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto
Bitcoin (BTC) has held above its $37,000 support level over the past 24 hours, albeit within a tight trading range and with low volume. Still, later this week, an executive order by U.S. President Biden that will outline the government’s strategy for cryptocurrencies could be a source of volatility for bitcoin. "The executive order has been known about before the war in Ukraine and was originally intended to mainly address stablecoins and central bank digital currencies (CBDC)," Marcus Sotiriou, an analyst at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk....…Bitcoin (BTC) has held above its $37,000 support level over the past 24 hours, albeit within a tight trading range and with low volume. Still, later this week, an executive order by U.S. President Biden that will outline the government’s strategy for cryptocurrencies could be a source of volatility for bitcoin. "The executive order has been known about before the war in Ukraine and was originally intended to mainly address stablecoins and central bank digital currencies (CBDC)," Marcus Sotiriou, an analyst at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk....WW…
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