2023-8-16 23:44 |
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.
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Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.
The final stretch of the U.S. presidential election is keeping traders on their toes, with BTC and Trump Polymarket odds taking a small hit.
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.
Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon.
Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.
Bitcoin is back to levels not seen in nearly two months as it pushed past the $65,000 mark during U.S. late morning hours on Thursday.
Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.