Crypto crash: forced selling cools down; correlation with equities back in focus
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market.
As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email to share your personal stories with crypto.
Crypto in a snap
Bitcoin BTCUSD lost 5.8% over the past seven days, trading at around $20,374 on Thursday, according to CoinDesk data. Ether ETHUSD lost about 5.8% over the seven-day stretch to around $1,095. Meme token Dogecoin DOGEUSD gained 7.9% while another dog-themed token, Shiba Inu SHIBUSD, went up about 23.3% from seven days ago.
Over the past weekend, a steep selloff sent bitcoin …
More on: www.marketwatch.com