Bitcoin continues flirt with $19,000 as crypto prices stay the course - BitcoinEthereumNews.com
Bitcoin and ether held onto two-month highs overnight as the global crypto market cap reached its highest point since the collapse of FTX. Bitcoin was trading at $18,877 at 8:30 a.m. EST, up 3.6% over the...
Bitcoin and ether held onto two-month highs overnight as the global crypto market cap reached its highest point since the collapse of FTX. Bitcoin was trading at $18,877 at 8:30 a.m. EST, up 3.6% over the past 24 hours, according to TradingView data. Ether continues to trade above $1,400, little changed since yesterday’s inflation report. Binance’s BNB added 1% in that time, while Ripple’s XRP and Cardano’s ADA tacked on 1.9% and 3.3%, respectively. The recent rally buoyed the global crypto market cap as it reached $946 billion from $851 billion last week, the highest level since Nov. 9. according to The Block data. Coinbase fell 3.7% at 8:40 a.m. EST in pre-market trading, according to Nasdaq data. Shares in the exchange are up over 30% this week following the announcement of additional job cuts. Cathie Wood’s Ark Invest has purchased over $7 million worth of COIN this week. Silvergate jumped 3.5% in the early session, trading above $14. The crypto-friendly bank will release its fourth-quarter earnings next week. The La Jolla-based firm already shared preliminary financial results last week and said it was cutting 40% of its workforce. MicroStrategy was lower in pre-market trading. Block dropped 2% to trade around $70. Shares in GBTC also hit a two-month high this week as they rose past $10 yesterday. The fund’s discount to net asset value (NAV) widened to 39.7%, according to The Block data. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Source: https://www.theblock.co/post/202022/bitcoin-continues-flirt-with-19000-as-crypto-prices-stay-the-course?utm_source=rss&utm_medium=rss
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