Bitcoin Plunges Below $20,000 With Little Reason to Buy. It Could Get Worse Fast

MarketWatch2023-03-10

Bitcoin and other cryptocurrencies tumbled Friday, with prices under pressure from stresses within the digital asset industry as well as losses in wider markets. The U.S. jobs report due Friday looms ...

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Comments

sunshine138
2023-03-11
sunshine138
Oh no
Ethiopia
2023-03-11
Ethiopia
As wr wb
Eagle88
2023-03-10
Eagle88
Ok

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It Could Get Worse Fast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-10 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/bitcoin-crypto-markets-today-3101635a?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin and other cryptocurrencies tumbled Friday, with prices under pressure from stresses within the digital asset industry as well as losses in wider markets. The U.S. jobs report due Friday looms ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/bitcoin-crypto-markets-today-3101635a?mod=mw_latestnews\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/articles/bitcoin-crypto-markets-today-3101635a?mod=mw_latestnews","article_id":"1121451621","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121451621","pubTimestamp":1678446807,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Bitcoin and other cryptocurrencies tumbled Friday, with prices under pressure from stresses within t","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"比特币跌破20，000美元，几乎没有理由买入。情况可能会很快恶化","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Bitcoin and other cryptocurrencies tumbled Friday, with prices under pressure from stresses within the digital asset industry as well as losses in wider markets. 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The Dow Jones Industrial Average and S&P 500 plunged on Thursday and were poised for more declines on Friday after massive losses atSVB Financial(ticker: SIVB) spurred a wave of selling across bank stocks that hammered wider sentiment.It has the potential to get even more volatile, with the jobs report for February due at 8:30 a.m. Eastern time. Amid worries over higher interest rates—which have weighed on cryptos and stocks alike in recent days—the key labor market indicator is likely to be a deciding factor for the Federal Reserve’s next move on rates later this month. Data that are hotter-than-expected could firm up bets that the Fed will step back up to a 50-basis-point rate hike on March 22 and may see further selling.Beyond Bitcoin, Ether—the second-largest crypto—lost 9% to $1,390. Smaller cryptos or altcoins were unspared, with Cardano crumbling 4.5% andPolygonretreating 8%. 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