Bitcoin Plunges to $59,000 in Asian Trading Hours Before Pushing Back Up, Causing Concerns in Crypto Market

Benzinga
Benzinga
  • 3 days ago
Bitcoin dropped to around $59,000 during early Asian trading hours after being stable at around $61,000. BTC is down 2% over the past 24 hours and 6% over the past week. Ether has not seen the same pricing pressure and is up over the past week. Sell pressure on BTC has increased due to upcoming Mt Gox bankruptcy redemptions and miner selling. Bitcoin ETFs saw $174 million in outflows as the NY market closed on Monday.
0:42
I
Up next
Kansas and Missouri Federal Judges Block Biden's Student Loan Repayment Plan, Citing Constitutional Concerns
Benzinga
0:33
Fed Governor Michelle Bowman: The Possibility of Raising Interest Rates Still on the Table
Benzinga
0:56
Dan Ives Says Apple Stock Is Headed To $300, Tim Cook Could Claim 'Godfather Of AI' Title
Benzinga
1:45
Days After Successful IPO, $FLYE Rings The Closing Nasdaq Bell & Celebrates E-2-Wheel Markets Future
Benzinga
0:49
Novo Nordisk to Invest $4.1 Billion in New North Carolina Plant for Wegovy and Ozempic Production
Benzinga
0:38
TSA Sets New Air Travel Screening Record With Nearly 3 Million Passengers in One Day, Expects Surge for 4th of July Holiday
Benzinga
0:39
Airbus Shares Plummet Nearly 12% as Company Slashes Financial Targets for 2024
Benzinga
0:40
Devastating Wildfires Leave 29 Residents Missing in Ruidoso, New Mexico
Benzinga
0:47
Ford Recalls 550,000 F-150 Trucks in US for Dangerous Transmission Issue
Benzinga
1:07
Julian Assange Released from Prison, Heads to Remote Island for Plea Deal
Benzinga
9:21
Traders Agency's Ross Givens Reveals Insider Trading Strategy For Big Stock Moves
Benzinga
1:07
Treasury Secretary Janet Yellen Says She Does 'Not See the Basis' for a Recession, Expects Fed to Hit 2% Inflation Target
Benzinga
1:07
Chinese Premier Warns Against Economic Risks of Decoupling from Western Economies, Saying It Could Lead to a 'Vicious Cycle'
Benzinga
1:59
Love The Idea Of Getting Around On An Electric Bike? How About An Electric Trike?
Benzinga
11:19
iLearningEngines - This AI-Powered Learning SaaS Company Has Amazing Retention
Benzinga
0:52
Trump's Confidential Mess At Mar-A-Lago: New FBI Photos Show Chaotic Documents Storage
Benzinga
1:07
Chipotle Announces 50-for-1 Stock Split on June 26th as Revenue Growth Far Outpaces Competitors
Benzinga
1:07
Hooters Hit by Inflation, Forced to Close 40 Locations Across US Amid Financial Struggles
Benzinga
1:07
European Union Accuses Microsoft of Antitrust Breach with Teams Integration
Benzinga
1:07
Trump Media's $6 Billion Valuation Slammed by Reid Hoffman as 'Wildly High' and 'So Absurdly Out of the Realm of Normal Business'
Benzinga
1:07
'Isn't it better if there are no documents?' Prosecutors Trump Deliberately Misled His Attorneys, Fearing Subpoena Could Result in Criminal Charges.
Benzinga
0:40
Tesla Recalls More Than 11,000 Cybertrucks Over Applique Detachment Risk And Nearly 12,000 For Windshield Wiper Flaw
Benzinga
0:36
What's Going On With Trump Media & Technology Group Stock On Tuesday?
Benzinga
0:55
Kim Jong Un's North Korea Resends Trash-Filled Balloons Across Border, Seoul Warns Retaliation With Anti-Pyongyang Propaganda
Benzinga
0:55
Nasdaq Records Worst Session Since April With Nvidia Plunging 7%: Dow Jones Sees Modest Gains Amid Mixed Market Close
Benzinga
1:06
Bitcoin scam: A look back at the Twitter hack
DW (English)
0:47
Bitcoin's Price Drops Below $60,000, as Investors Liquidate Over $177 Million
Benzinga
1:02
Trump Gets $2M In Bitcoin Donations For 2024 Election From Winklevoss Twins: 'The Biden Administration Has Openly Declared War Against Crypto'
Benzinga
0:46
If Peter Schiff Had Invested $10K In Bitcoin Instead Of Dissing It For The First Time 13 Years Ago, Here's How Much He'd Have Today
Benzinga
0:38
Trump Advocates for Bitcoin Mining in the US, Citing Defense Against Central Banks, in Truth Social Post
Benzinga
0:38
Bitcoin Soars Above $71,000, as Bank of Canada Cuts Interest Rates for the First Time in Four Years
Benzinga
0:35
Oklahoma State Superintendent Requires Bible Lessons in Public Schools, Requires 'Immediate and Strict Compliance'
Benzinga
0:36
Large Banks Projected to Withstand Severe Recession Scenario in 2024 in Federal Reserve Stress Test
Benzinga
0:31
New Tropical Disturbance in the Atlantic Ocean Could Develop into Hurricane
Benzinga
0:40
Volkswagen Group to Invest $1 Billion in Rivian, Securing Access to Electric Vehicle Technology
Benzinga
0:40
Chipotle Stock Plummets 5% Following Stock Split as Investors Take Profits
Benzinga
0:37
Tesla Defends Elon Musk's $56 Billion Pay Package Victory in Court Filing, Highlighting Shareholder Approval
Benzinga
0:32
Staking Crypto
Bons Plans Père Riche
19:00
Future of Finance 2024: Crypto in a Post-ETF World
Fortune
1:11
If You Invested $1,000 In Bitcoin When Donald Trump Said The Crypto's Value Was 'Based On Thin Air,' Here's How Much You'd Have Now
Benzinga
0:48
Crypto fans anticipate Bitcoin ‘halving’
PTVPhilippines
7:41
How crypto's faster payment systems are influencing traditional finance | Future Focus
Yahoo UK
11:30
Exploring Crypto’s Billion-Dollar Blockchains With Very Few Users
Forbes

Featured channels

More from
Goalcast
More from
Cinema for change
More from
Delish
More from
Gayety
More from
TMZ
More from
AccuWeather