Sign up for our newsletters
Please consider using a different web browser for better experience.
Stronger bond yields and a rising dollar are capping price progress for risk assets.
The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day.
A single large sell order appears to have sent prices for trading contracts on polkadot tumbling from about $33 to 25 cents in less than a minute.
Bitcoin's broader bias remains bullish with prices holding well above the 21-week SMA.
The Fed futures market now anticipates interest rate hikes in 2022, up from 2024 just four weeks ago.
Federal Reserve chairman Jerome Powell is expected to address rising bond yields later on Thursday.
DeFi could do for finance what ride-sharing did for taxi companies, Bianco said.
If bitcoin can stay above $50,000, it would mark an end to the recent pullback, an analyst said.
Institutional investors might be warming to tokens associated with decentralized finance (DeFi).