Positive news from El Salvador couldn't completely overcome negative news out of China.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.
Ether is providing some with hope as its momentum, in the form of volume, continues to beat bitcoin for the 10th straight day.
Ether’s dominance is at 19.78%, the highest it has been since May 16.
Bitcoin dipped below $36K and ether fell under $2.6K on Tesla CEO’s bearish tweets, wiping out some leveraged players in the market.
How do you trade bitcoin now? Carefully.
Major cryptocurrencies saw a pop in anticipation of a more environmentally friendly mining outlook. Then they slipped.
Action in the ether market might take the spotlight from bitcoin over time due to very different mechanics between the two assets.
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
Liquidations, China and even Elon Musk may be factors in markets falling.
Investors are buying and no longer panicking.
The crypto car drove to the dump Monday as most blockchain assets fell.
Not all industry participants are amused by dogecoin’s tricks.