Bitcoin’s 73 per cent rebound in 2023 from last year’s crypto rout has stalled around the $30,000 level
The largest token rose as much as 3.7 per cent on Thursday
Bitcoin dropped about 1 per cent to $28,860 as of 10:42am on Thursday in Singapore
The largest token fell as much as 4.5 per cent on Wednesday
The digital currency has jumped 78 per cent this year
However, it is still down more than 50 per cent from its all-time high in November 2021
Bitcoin’s revival has helped the digital-asset market add about $390bn in value in 2023 after a $1.5tn rout last year
Since the start of the year, Bitcoin’s price has risen almost 70 per cent
The largest token rose as much as 2.4 per cent and was trading at $24,020 in Singapore
Crypto is an essential long-term investment and is the building block towards a cashless society
Bitcoin’s price has dropped 64 per cent since the beginning of the year
Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment
Bitcoin, the largest digital coin by market value, dipped as much as 2.9 per cent on Wednesday
An Ether jump since mid-June that was spurred by hype around an upgrade of the Ethereum blockchain is rapidly unwinding
The largest digital token has shed more than 6 per cent so far this week
Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York
Numerous strategists have flagged $20,000 as a key point for Bitcoin
The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April
Cryptocurrencies have been battered this year as the Fed hiked rates amid elevated inflation readings
Core Scientific, Marathon Digital Holdings and Riot Blockchain posted net losses of $862m, $192m and $366m, respectively
The largest cryptocurrency rose as much as 2.2 per cent on Sunday to $25,031, its highest level since June 13
The largest token dropped as much as 5.4 per cent on Tuesday in Asia and was trading at $21,073
Ether jumped as much as 10.7 per cent on Tuesday in Asia, while Solana added 13 per cent and Polkadot about 7 per cent
The drop-off in trading volume has taken place across many platforms, including Binance, OKX and FTX
Bitcoin has struggled since hitting a high near $69,000 in November
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000
Assets under management for crypto investment products in June reached a record low
Bitcoin has been sinking along with riskier assets in recent months
It appears to have found support around its 200-week moving average, which currently sits near $1,200