Bitcoin (BTC) started the week off trading down 1% on the day, dipping below the $20,000 mark after spending the weekend trading in a range between $19,200-$19,500.
U.S. stock futures were lower after Friday’s jobs report and a possible escalation of the Russia-Ukraine war. European stocks fell for the fourth straight day. Investors in traditional markets are looking ahead to a big week of corporate earnings reports and the monthly Consumer Price Index report scheduled for release Thursday.
Ether (ETH), the second-largest cryptocurrency by market value, was also down slightly on the day, around $1,300.
In the news, Huobi Global, one of the biggest token trading outposts in the Asia markets, said late Friday that it has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund.
CoinDesk Market Index
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Chart of the Day
Record Liquidity Tightening
By Omkar Godbole
- "If you think that [quantitative easing] was helpful on the way up, you have to believe that [quantitative tightening] will be unhelpful on the way down," Callum Thomas, head of research and founder at Topdown Charts, wrote in a email.
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