No, Elon Musk’s SpaceX Isn’t the Cause of This Multi-Billion-Dollar Bitcoin Bloodbath
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.
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Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.
Crypto markets cratered late Thursday with bitcoin (BTC) dropping as low as $25,000 on the crypto exchange Binance.
They would join bitcoin futures ETFs that are already approved.
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post.
Ripple’s XRP was down 25% from its highest levels on Thursday.
STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, far outdistancing bitcoin and ether, among other digital assets.
BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.
PLUS: The first half of 2023 has so far been very promising for crypto majors.