bitcoin dip – pressnews

[ad_1] Plucky bitcoin's been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Plucky bitcoin's been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin's been unresponsive since being clobbered by the FTX collapse, taking in a deep ragged breath before plunging towards the depths of $5,000. Place your bets, spin the wheel. The world's dominant cryptocurrency has certainly been uncharacteristically muted over the past two weeks, treading water between about $15,770 and $17,350 in the eerie wake of the FTX-induced market mini-crash in November. What happens next is anyone's guess. "T...

[ad_1] Bitcoin is finishing the week mired in the narrow range that has existed since the collapse of the FTX exchange. Bitcoin is finishing the week mired in the narrow range that has existed since the collapse of the FTX exchange, while Coinbase Global Inc. and miners continued their declines toward record lows as the crypto winer grows colder. The largest cryptocurrency by market value was little changed at about $17,113 as of 5 p.m. in New York, just off the two-year low reached on Nov. 21. FTX sought bankruptcy protection on Nov. 11. Bitcoin is down more than 60% this year. The Bloomberg Galaxy Crypto Index dropped less than 2% this week, and is down 67% in 2022. Coinbase Chief Executive Officer Brian Armstrong said earlier this week that the cryptocurrency exchange's revenu...

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Bitcoin Price Lingers Near $17,000; Coinbase, Miners Lead Declines