Today in Markets

BTC Slides Backwards

Crypto markets erased the gains from a volatile past couple days
Jack Inabinet Jack Inabinet Nov 16, 20231 min read
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market analysis BTC Slides Backwards

Crypto Cools: BlackRock took another major step towards launching a spot ETH ETF, but crypto markets are in decline. The majors pared back yesterday’s gains on the filing, with Ether dipping back below $2k and Bitcoin fighting to hold $36k.

 Coinbase (COIN), who was selected as custodian for the BlackRock spot Ether ETF, is also down 1.7% on the day, likely because this news was already largely priced in, given the existence of a similar arrangement between the two firms for BlackRock’s spot BTC ETF.

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Jack Inabinet

Written by Jack Inabinet

242 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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