Cryptocurrency prices are in the red, breaking out of a recent bull run. While Coinbase and MicroStrategy stocks continue to fall.
Bitcoin has dropped 3% over the past 24 hours to trade below $20,800 as of 9:30 p.m. KST, although it is trending up again, according to TradingView data.
Ethereum drops 4.4% to $1,525 and Binance’s BNB down 4.2%. Dog-themed memecoins have surged in price over the past few days. However, dogecoin and shiba inu are all down from recent gains, down 7.6% and 10% respectively.
Crypto stocks continue to weaken
Crypto-related stocks continue to trade lower. At press time, Coinbase stock fell below $50, or 2.4%, according to Nasdaq data.
Silvergate is down 2.6% to less than $12, Block is down 1.7% to around $70 and MicroStrategy traded at $217, down 1.2%.
Many are expecting the market to make progress as it looks to a slight landing that begins to weaken following the Fed’s hawkish comments, despite lower-than-expected December CPI figures – reflecting inflationary pressures. reduction.
Noelle Acheson, Genesis’ former head of market research, noted, “it doesn’t look like bad news anymore.”
