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-0.00418502202643175 -0.00220264317180612 -0.000792951541850133 -0.00220264317180612 0.00881057268722468 0.00881057268722468 0.00881057268722468 0.00881057268722468
Stock impact report

Bitcoin retreats back to below $70K as market volatility persists [Seeking Alpha]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Seeking Alpha
The largest digital token by market cap slid 4.2% to $68.7K at 3:28 p.m. ET, after reaching as high as $72.5K in the previous session. The slump rippled through the crypto market, with ether ( ETH-USD falling 5.3% to $3.5K, solana ( SOL-USD , cardano ( ADA-USD and dogecoin ( DOGE-USD Amid the market weakness, some $248M worth of leveraged derivatives stakes had been liquidated across all cryptos in the past 24 hours, according to CoinGlass data Market participants are bracing for the bitcoin ( BTC-USD ) halving event due later this month, one of several catalysts that Ripple CEO Brad Garlinghouse believes will drive up the wider crypto market value to $5T by the end of 2024 from the current $2.58T. Crypto-related stocks also saw some selling pressure: MicroStrategy ( MSTR , Coinbase Global ( COIN , Galaxy Digital ( OTCPK:BRPHF , Riot Platforms ( RIOT , Bit Digital ( BTBT Recommended For You More Trending News Recommended For You More Trending News Show less Read more
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