Bitcoin fell 5%, struggling to maintain momentum after a big rise on Monday earlier in the month.
As of 21:00 UTC (4 pm ET), bitcoin was changing hands just over $ 47,000 at Coinbase. The largest cryptocurrency is still a long way from its highest price ever, above $ 58,000, reached at the end of last month.
A combination of factors may have frightened some cryptocurrency traders, leading to a 21% liquidation last week, the highest for a seven-day period since March 2020.
But there has also been a steady stream of upbeat news:
Speaking to the Cboe process, EQUOS ‘head of sales and negotiations, Matt Blom, told CoinDesk: “This in no way guarantees that the floodgates will open, but it is a big step in allowing the investing public easy access to the performance of our favorite asset ”. As regulators consider the listing, “there will be a long line of VanEck bitcoin ETF competitors waiting for the winds of change to be officially here,” said Blom.
Conclusion: the market is quiet and struggling to find a direction. Bitcoin has gained 60% in the year so far. Ether (ETH) doubled in the same period, but today encryption has dropped -3.87%.
Digital assets at CoinDesk 20 fell on Tuesday. Notable winners from 21:00 UTC (16:00 ET):