CandleFocus Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
2024-10-10
Author: Content Editor
Bitcoin (BTC) dropped below $61,000 while U.S. stocks reached new records on Wednesday. The dip in BTC may have been influenced by reports that seized cryptocurrencies linked to the PlusToken ponzi scheme were being moved to exchanges, raising concerns about selling pressure. Ether (ETH) also experienced a slight decline. In other news, some crypto tokens experienced unusual price action following market manipulation charges against several trading firms. The S&P 500 and Nasdaq performed well, with the 10-year U.S. Treasury rates reaching a two-month high. The Federal Reserve's minutes from the September meeting suggested that more rate cuts are likely, but there is uncertainty about the pace and size of future cuts.
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