Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, dropped to a three-week low during the weekend, but traded slightly higher this morning.
The billionaire founder of cryptocurrency exchange BitMEX Arthur Hayes has a new outlook for Ethereum (CRYPTO: ETH). He says ETH’s ugly price action might be a prime opportunity for Ethereum bulls.
Bitcoin (CRYPTO: BTC) saw a massive fall on Friday to the tune of about 15%, but given its strong correlation with the NASDAQ 100 it’s not surprising to see that when the NASDAQ 100 has a strong directional day or trend, Bitcoin tends to follow suit.
Cryptocurrency giant Bitcoin (CRYPTO: BTC) closed on a positive note on Saturday at $21,166.06. At the time of writing, it was trading at $21,519, down close to 12% in the last seven days. Pseudonymous crypto analyst Capo, back on Aug.
After the semblance of recovery seen in the cryptocurrency market since the mid-June bottom, digital currencies pulled back sharply on Friday, along with the equity market.