Crypto Markets Analysis: Flat price action and mild volume took a turn after bitcoin and ether declined sharply late Thursday night. GWilliamsJr_CMT reports
) prices fell sharply late Thursday as over $62 million in BTC long positions were liquidated during the Asian overnight trading session.
Volatility waned slightly over the same time period, with the Average True Range falling 5% for bitcoin and 2% for ether. Correlations between crypto and traditional financial assets have loosened as well, with the correlation coefficient between BTC, ETH, and the S&P 500 sitting at -0.15. Stacks was the standout on the week, with its price advancing 15% over the most recent seven days, and 290% year-to-date.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon (MATIC) Helps Brazilian Digital Bank Launch Nucoin Crypto, Here's Curious ThingBrazilian digital bank Nubank has issued its own crypto with help from Polygon blockchain; however, this crypto is not intended for whole crypto space
Read more »
Bitcoin Miner Marathon Digital Sold Almost All Bitcoins Mined in February.MarathonDH $MARA sold another 650 bitcoin in February to help pay expenses, its second consecutive month of sales. Aoyon_A reports
Read more »
First Mover Americas: Bitcoin Falls to Below $23.5K$BTC slipped on Thursday and could be posed for further downward movement after it failed to break through a key technical resistance level. LedesmaLyllah reports.
Read more »
Tesla stock slumps as ‘Master Plan 3’ event falls flat with investorsTesla’s stock plunge erased $50 billion in market value.
Read more »
Republican plan for flat sales tax would add to deficit or make everything more expensiveRepublicans want to replace federal taxes with a flat sales tax. It'll either add trillions to the national deficit or you'll have to pay a lot more for everything.
Read more »