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Market Wrap


Markets

Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low

Seasonality suggests a hoped-for bounce after a rough August may not materialize.

Bitcoin Price 9/3/24

Markets

Bitcoin Returns to $59K as Bulls Fail to Flip Key Resistance; AI Cryptos Lead Losses

AI-focused tokens such as FET, Render's RNDR and Bittensor's TAO slipped 7%-10% following Nvidia's post-earnings slump.

Bitcoin price on Aug. 29 (CoinDesk)

Markets

Bitcoin Bounce Fizzles as Nvidia's Slide Ahead of Earnings Adds to Risk-Off Mood

Ether's year-to-date gain has narrowed to less than 10% in crypto's latest price tumble.

Bitcoin price August 28

Markets

Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost 10%

Bitcoin hit the lowest price since Aug. 19. It was not immediately clear what sparked the sell-off.

Bitcoin dove late Tuesday. (CoinDesk)

Markets

Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally

More than five months of sideways price action is testing investors' patience, but similar low-volatility episodes led to break-outs to new record prices, one observer noted.

Bitcoin price on Aug. 27 (CoinDesk)

Markets

Bitcoin Surges to Nearly $64K, Adding to Gains as RFK Jr. Endorses Trump

The independent candidate is suspending his campaign for president and removing his name from the ballot in ten "battleground" states.

Bitcoin price 8/23 (CoinDesk)

Markets

Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.

Bitcoin price on Aug 8 (CoinDesk)

Markets

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

Bitcoin price on Aug 5 (CoinDesk)

Markets

Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago

The slide in the odds of a Donald Trump victory in November might have bulls rethinking some bets.

Bitcoin price on Aug 1 (CoinDesk)

Markets

Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare

The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.

Bitcoin price on July 31 (CoinDesk)