Bitcoin Continues to Bleed, Falls Below $50K
Markets
Bitcoin {{BTC}} continued its downward slide during the Asian trading hours on Monday, plunging below $50,000.
At the time of writing, Bitcoin was trading near $49,200, a level last seen in late February.
The sell-off in bitcoin and the overall crypto market has been triggered by a wider fall in the financial markets as the fears of global recession and rising tension in the Middle East has investors hitting the panic button.
Related news
Markets
Nov. 22, 2024
Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet
Popular memecoin Dogecoin {{DOGE}} jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service. Apparently triggering the move was Musk postin...
Markets
Nov. 22, 2024
Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund
Intelligent Alpha builds portfolios by relying on AI investment picks. The firm relies on a trio of AIs — ChatGPT, Claude and Gemini — and implements their decisions, even if they sound counter-intuitive. The models have a great track record s...
Markets
Nov. 22, 2024
First Mover Americas: Rotation to Altcoins Has Started With Gensler's Exit Date Set
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 3,273.75 ...
Markets
Nov. 22, 2024
Cardano's ADA Leaps to 2.5-Year High of 90 Cents as Whale Holdings Exceed $12B
Cardano's ADA hit the highest level since May 2022. On-chain activity shows large traders are participating in the price rally. As bitcoin {{BTC}} gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — cap...
Markets
Nov. 22, 2024
Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4T
Bitcoin (BTC) is close to reaching $100,000, with prices hovering just over $99,000 after a recent spike. U.S. spot BTC ETFs have seen over $1 billion in net inflows, with BlackRock’s IBIT leading at $600 million. While there's strong demand a...
Markets
Nov. 22, 2024
XRP Price Surges 25% as Headwinds for Ripple Clear Even More
XRP zoomed as Gary Gensler’s announcement of stepping down in January as chairman of the U.S. Securities and Exchange Commission (SEC) kept a multiweek bullish trade going. XRP prices surged 25% in the past 24 hours, with most of the gains i...
