Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.
Author: Joanna Ossinger
Bitcoin is on track for its worst quarter in more than a decade, but experts believe the bottom may be near for the world’s biggest cryptocurrency.
Bitcoin stayed just above $20 000 on Wednesday, with its inability to gain upward traction fuelling concern among analysts of further declines.
Ether and bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilisation.
Bitcoin, stuck in a range around $30 000 lately, has some market watchers wondering if it’s vulnerable to further drops.
The largest cryptocurrency rose as much as 1.8% to $30 450 on Monday morning in Asia. That’s after it fell for seven straight weeks.
Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering the implications of the tumult for the broader market.
Bitcoin is tipped to extend losses as investors shy away from risk assets amid a reassessment of the pace and magnitude at which the US is set to tighten policy.
A digital copy of the first-ever tweet has been offered for about almost R705-million on non-fungible token marketplace OpenSea.
Bitcoin dropped to a more than two-week low, tumbling along with equities as escalating tensions between Russia and Ukraine weighed on risk appetite.