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ETH.CM=-32.79 (-1.70%)
BTC.CM=-202.34 (-0.83%)
Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital.
Nicolas Economou | Nurphoto | Getty Images
Bitcoin briefly topped $25,000 to hit its highest level in June before falling sharply as the cryptocurrency struggles to make any significant move higher.
The world’s largest digital coin popped above $25,000 late on Sunday for the first time since mid-June, according to CoinDesk data.
Bitcoin was trading at $24,153.44 at around 08:31 a.m. ET on Monday, down more than 1% from 24 hours before.
Cryptocurrencies moved higher in the last month or so following a rise in U.S. stocks. Digital currencies like bitcoin have been relatively correlated to the movement in stock markets, in particular the tech-heavy Nasdaq, which was itself up around 12% in the last month.
Investors have been getting...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...