Cryptocurrencies
Bitcoin Meets Resistance at $30,000 While Risk Appetite Returns
- Largest cryptocurrency remains highly correlated to equities
- Solana underperforms after another DeFi network outage
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Bitcoin rebounded after slumping along with stocks on Thursday, meeting resistance at the $30,000 level around which it’s been trading for the past month.
The largest cryptocurrency rose as much as 2.5% to $30,372 during New York trading, while Ether rose 1.4%. Bitcoin’s advance largely tracked that of US and European equities. It is down about 55% from a record high in November.