• Liquidity in the bitcoin market should recover quickly after the futures-driven price crash, JPMorgan says

    19 days ago - By Business Insider

    Bitcoin picked up on Monday after sliding the previous week.
    Chris McGrath/Getty Images
    Liquidity in the bitcoin market should recovery quickly after the recent price falls, JPMorgan said.
    The bank's analysts said activity in the spot and futures markets is growing more resilient.
    They said the recent price falls were worsened by the liquidation of futures contracts.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Liquidity in the cryptocurrency market should recover rapidly after bitcoin's recent tumble, which was worsened by a sell-off in futures contracts...
    Read more ...

     

  • Bitcoin jumps 10% after hitting its lowest level in about 2 months as buyers swoop in after the price drop

    19 days ago - By Business Insider

    Artur Widak/NurPhoto via Getty Images
    Bitcoin jumped 10% on Monday as investors used its recent price drop as a buying opportunity.
    The cryptocurrency had tumbled to its lowest level since early March last week.
    Tesla billionaire Elon Musk asked followers over the weekend: "What does the future hodl?"
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Bitcoin rose as much as 10% on Monday, as investors used last week's slide as a buying opportunity. The digital asset was last trading near $53,000 as of 03:00 a.m. ET, but had earlier dropped as low as $47,000 in...
    Read more ...