Story from Markets Market Wrap: Bitcoin Leverage Costs Get Cheap, Ether Volatility Jumps
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
Crypto markets rebounded on Thursday but continue to exhibit signs of bearishness.
Bitcoin (BTC) trading around $40,265 as of 21:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
Bitcoin’s 24-hour range: $35,709-$42,441 (CoinDesk 20)
Ether (ETH) trading around $2,804 as of 21:00 UTC (4 p.m. ET). Gaining 7.5% over the previous 24 hours.
Ether’s 24-hour range: $2,216-$2,992 (CoinDesk 20)
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Bitcoin, the world’s largest cryptocurrency by market capitalization, was up by 2.1% as of press time Thursday. BTC was below the 10-hour moving average and near the 50-day, a bearish signal for market technicians.
Earlier in the day, bitcoin climbed from a low of $35,709 around 01:00 UTC (9 p.m. ET Wednesday) to as high as $42,441 12 hours later, an 18% gain, based on CoinDesk 20 data. But then bitcoin slid, to $40,265 as of press time.
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