HomeBusinessMarket Wrap: Bitcoin Heads for Worst Week in Year

Market Wrap: Bitcoin Heads for Worst Week in Year

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Helene Braun Helene is a U. S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin.

She is a recent graduate of New York University’s business and economic reporting program. Follow @ HeleneBraunn on Twitter Bradley Keoun Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns BTC above CoinDesk’s disclosure threshold of $1,000.

Follow @ Liqquidity on Twitter Hi and welcome to Market Wrap! This is a limited edition since the team is off today as CoinDesk observes Juneteenth as a company holiday. We will be back Tuesday, June 21st. Bitcoin ( BTC ) has tumbled 23% since Sunday, heading for its worst weekly performance since May 2021.

As of press time the largest cryptocurrency was changing hands just around $20,500 . The price has declined 56% year-to-date. For the latest cryptocurrency prices, please go here , and for the latest news headlines, please go here .

In the meantime, check out these crypto market stories from this week: ● Bitcoin (BTC): $20550, −2. 06% ● Ether (ETH): $1084, −2. 16% ● S&P 500 daily close: 3,674.

84, +0. 22% ● Gold: $1840 per troy ounce, −0. 31% ● Ten-year Treasury yield daily close: 3.

24% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.

com/indices. DISCLOSURE Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies .

CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups . As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Helene Braun Helene is a U. S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin.

She is a recent graduate of New York University’s business and economic reporting program. Follow @ HeleneBraunn on Twitter Bradley Keoun Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns BTC above CoinDesk’s disclosure threshold of $1,000.

Follow @ Liqquidity on Twitter Helene Braun Helene is a U. S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin.

She is a recent graduate of New York University’s business and economic reporting program. Follow @ HeleneBraunn on Twitter Bradley Keoun Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns BTC above CoinDesk’s disclosure threshold of $1,000.

Follow @ Liqquidity on Twitter.


From: coindesk
URL: https://www.coindesk.com/markets/2022/06/17/market-wrap-bitcoin-heads-for-worst-week-in-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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