A volatile weekend for bitcoin (BTC) that saw the coin trade both above and below USD 9,000. Yesterday crypto pointed lower with nearly all of the Top 10 in the red.
Crypto prices are marginally positive this morning but none of the Top 10 is up more than +5%. Volumes have once again fallen off a cliff with 24-hour activity back to some of its lowest levels of the year.
Crypto prices are marginally lower overnight. A 'flash crash' took place on the Deribit crypto-settled derivatives platform yesterday afternoon resulting in customer losses (see Crypto Headlines).
Crypto is lower this morning with most coins in the Top 10 down -3 to -5%. Activity has remained steady, with spot volumes still above 30-day averages.
There Has Been Plenty Of Discussion Around China's Crypto / Blockchain / Digital Currency Ambitions. We Believe There Are Widespread Misrepresentations And Misunderstandings Of The Government's Intentions.
The last 3-days has seen some of the wildest swings in bitcoin/crypto history. BTC rose as much as USD 3,000 from Friday afternoon with a slew of other cryptos also +30% at their weekend highs.
Crypto is mixed this morning but continues to hold levels from yesterday's sell-off. Volumes are climbing with 24hr activity 1.5x the 30-day average.
Crypto is lower this morning with the decline accelerating just prior to Mark Zuckerberg testifying in Congress. The topic of, 'An Examination Of Facebook And Its Impact On Financial Services And The Housing Sector.'
Very little has changed in crypto markets over the last 24hrs with bitcoin (BTC) continuing to consolidate around USD 8,000. If there's anything to point out, monero (XMR) is up over 10% ahead of protocol upgrades tentatively scheduled for October 24.
Crypto is down this morning with most of the Top 10 down at least -2.5%. Bitcoin (BTC) is holding below USD 8,000 but remains above lows seen in the last 2 weeks.