Bitcoin Stabilizes After Weekend Selloff; Resistance Around $59K
Bitcoin sold off nearly 15% over the weekend and is now oversold on intraday charts.
With its Nasdaq listing, the exchange will provide on-ramps for many investors. But it's also changing the system from within.
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
Investors had already had a weak appetite for risk thanks to the coming partial ban on crypto in Turkey.
"The loss of bullish momentum is only short-term in nature," one chart analyst said.
The amount represents roughly 1.5% of his holdings.
As dogecoin's gains top 9,392%, CoinDesk’s Adam B. Levine finds some surprising parallels between the top meme token and bitcoin.
In this week’s "Money Reimagined" episode, Sheila Warren and Michael Casey take stock of the most significant development in the crypto space this year: Coinbase’s public listing on the Nasdaq exchange on April 14. Wall Street Journal reporter Paul Vigna and CoinDesk Managing Director of Research Noelle Acheson break down the action, the history of what brought us to this point from when Coinbase first launched in 2012, and what this means for the future – for Coinbase, for the crypto community, for Wall Street and Main Street.