Bitcoin Eyes $29K, Defying Fresh Crypto Lawsuit, Rate Fears
The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
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The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
A fake report about BlackRock’s spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000.
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.
Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified.
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%.
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.
Ether’s price dropped to its lowest price compared to bitcoin since July 2022 as the launch of futures-based ETH ETFs attracted meager interest from investors.
Bitcoin price in September (CoinDesk)
Cryptocurrency markets surged higher Thursday, with the price of bitcoin (BTC) breaking above the $27,000 level for the first time alongside easing macro pressures.