Bitcoin (BTC) managed to remain above $20,000 overnight as risk appetite appeared to improve. The world’s largest cryptocurrency by market value was up by around 1% on the day. U.S. stock futures fell after major indexes clocked in their biggest two-day point and percentage gains in more than two years. European stocks also fell.
The rally in traditional markets picked up on Tuesday following the release of weaker-than-expected U.S. labor market data.
Crypto lender Celsius Network co-founder and Chief Strategy Officer S. Daniel Leon resigned on Tuesday. He is the latest executive to depart the company after now-former CEO Alex Mashinsky announced his departure last week
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Chart of the Day
October Gains in Bitcoin Erase September's Loss
By Bradley Keoun
Despite ample turmoil in financial markets over the past couple months, bitcoin has stayed remarkably resilient.
- Bitcoin slid 2.5% in September.
- So far in October, the largest cryptocurrency has climbed 3.2%.
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