01-01-1970 12:00 AM | Source: Reuters
Cryptos turn choppy as bounce momentum ebbs
SINGAPORE - Cryptocurrencies slipped on Thursday, though without falling through recent lows, as traders clung to hopes that a nascent recovery from last week's plunge can regain its momentum.
Bitcoin has failed to hold above its 200-day moving average and it fell about 4% in the Asia session to $37,619. Ether, the coin linked to the ethereum blockchain network and the second-biggest cryptocurrency by market value, fell more than 7% to $2,675.10.
Both have marked sizeable year-to-date gains, with bitcoin up about 30% and ether more than tripling. But a month-long selloff culminating in a sharp collapse last week has each of them well below record peaks made in April.
Latest News
J&K: Udhampur wildlife authorities makes arrangement...
Sagarika Ghatge, Zaheer Khan attend brand collab eve...
Daily market commentary : Nifty traded firmly for th...
Allcargo Terminals Q4FY24 Earnings- CFS Volumes Surg...
Record SIPs and AUM Surge : Mutual Funds Bullish on ...
Daily Market Outlook from Vinod Nair, Head of Resear...
Quote on FPI By Dr. V K Vijayakumar ,Geojit Financia...
Quote on FPI from MojoPMS and Waterfield Advisors
Gurugram real estate booms with unprecedented growth...
Perspective on markets by Mr. Jaykrishna Gandhi, Hea...