bitcoin sell – pressnews

[ad_1] Bitcoin dropped to the lowest level in about two weeks, part of a wider retreat in crypto markets as investors digested the unraveling of a key industry payments network. The largest token by market value sank as much as 6% before paring some of the slide to trade 4.6% lower at $22,347 as of 6:30 a.m. Friday in New York. Smaller coins such as Ether, Avalanche and the meme token Dogecoin also suffered declines. The digital-asset industry is absorbing the fallout of the troubles at crypto-friendly US bank Silvergate Capital Corp., which has said that it's reviewing whether it can remain viable. The bank offers a widely used payments network that facilitates the real-time transfer of funds between crypto firms. But many digital-asset exchanges, stablecoin issuers and trading d...

[ad_1] Cryptocurrencies were mostly lower as the risk of further contagion continues to weigh on investor sentiment. Cryptocurrencies were mostly lower as the risk of further contagion continues to weigh on investor sentiment a month after Sam Bankman-Fried's FTX exchange sought bankruptcy protection. Bitcoin dropped as much as 1.4% to $16,882 on Monday before paring losses. Ether sank modestly as well, while altcoins like Avalanche and Dogecoin posted more significant declines. The insolvency of one of crypto's most established firms pushed down prices, already in a months-long slide. At the start of the fourth quarter, Bitcoin traded close to $20,000, but over the past month, the token has hovered around $16,500, failing to break above $17,400. Bitcoin is down 63% this year. ...

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