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Bitcoin bounces from $58,000 as derivatives signal more pain in the pipeline
Key takeaways
- The largest cryptocurrency was recently trading near $59,700, having fallen as low as $58,100.
- Ether (ETH) failed to mirror bitcoin's bounce, dropping a further 1% and extending its string of declines to three straight days.
- U.S. equities also start Friday indicating weakness, Nasdaq 100 and S&P 500 futures are down by 1% and 0.4%, respectively, since midnight as the tech rally of the past three months continues to unwind.
The largest cryptocurrency was recently trading near $59,700, having fallen as low as $58,100.
Ether (ETH) failed to mirror bitcoin's bounce, dropping a further 1% and extending its string of declines to three straight days. It recently held around $1,550.
U.S. equities also start Friday indicating weakness, Nasdaq 100 and S&P 500 futures are down by 1% and 0.4%, respectively, since midnight as the tech rally of the past three months continues to unwind.
Article preview — originally published by CoinDesk. Full story at the source.
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