Bitcoin futures fell about 4% on Friday
In late New York trading, the CME bitcoin futures BTC main contract was down 3.97% from Thursday's late New York trading at $83,980.00, with a cumulative loss of 0.56% for the week, after oscillating at highs from Monday to Thursday and having reached $89,335.00 on Monday, before turning lower on Friday. Over the last seven natural days, Bitcoin spot is down a cumulative 0.15%, temporarily at $84,059, after a significant, sustained move higher on Sunday and Monday to a high of $88,785.81, before oscillating higher from Tuesday to Thursday, and then significantly retracing that gain on Friday.The main CME ethereum futures DCR contract is down 6.65% at $1,881.00, with a cumulative loss of 5.31% for the week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data
Net profit surges fivefold but masks decline in core business; crypto mining companies' shift to AI poses hidden risks
Marathon Holdings' Q3 net profit reached $632 million, up 413% year-on-year. However, its mining revenue declined by 35%. The company relied on selling 13,500 BTC to pay off debts and is now betting on AI infrastructure, increasing the risk of an imbalanced profit structure.
Crypto prices
More
