Bitcoin slips more than 4% after it rose above $57,800 on Monday.
The cryptocurrency BTCUSD, +0.93% is recently trading at $55,526, down 3.3% for the past 24 hours. Bitcoin is still up 12% over the past seven days.
The BitVol Index, which measures the 30-day implied volatility for bitcoin option prices, has jumped more than 10% over the last 10 days, LaValle noted. However, after the consolidation, bitcoin could test a record high in the coming weeks, as the cryptocurrency maintains a positive intermediate-term momentum, Stockton noted.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Drone You Always Wanted For Less Than $70Time to get airborne with a drone of your own.
Read more »
Disney+ to Surpass Netflix in 2025, Hit 284M Subscribers in 2026: Analyst'Three platforms will control nearly half the world's SVOD subscriptions by 2026,' according to Digital TV Research.
Read more »
Jamie Dimon says bitcoin is 'worthless'Jamie Dimon, JPMorgan Chase chairman and CEO, isn't a fan of bitcoin, the largest cryptocurrency by market value.
Read more »
Small-cap stocks can give the market the 'firepower' needed to finish the year strong, Oppenheimer analyst saysThis corner of the market will be 'firepower' for stocks, Oppenheimer analyst says (via TradingNation)
Read more »
China's military assertiveness over Taiwan will likely persist, says defense analystChina this month sent a record number of military aircraft into Taiwan's air defense identification zone — raising concerns of a military accident.
Read more »
Disney+ to Surpass Netflix in 2025, Hit 284M Subscribers in 2026, Analyst Forecasts'Three platforms will control nearly half the world's SVOD subscriptions by 2026' - According to a recent forecast, Disney+ will have more subscribers than Netflix in just a few years
Read more »