Home/Newsfeed

Bitcoin plunges as Goldman Sachs drops trading desk plans

Share Print 0

Bitcoin prices continued to get slammed early Thursday in Asia, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies.

The world’s largest digital currency fell to a low of $6,279.08 around 8:36 a.m. HK/SIN, according to data from industry outlet CoinDesk.

Beyond bitcoin, the price of other cryptocurrencies also continued to plunge, according to tracking site CoinMarketCap. As of 11:09 a.m. HK/SIN, the price of ethereum had fallen by 19.72 percent in only 24 hours, while Ripple’s XRP token had seen its value dive by 13.92 percent and bitcoin cash dropped by 18.79 percent during that time.

China Tariffs, NAFTA talks and Bitcoin Plunge

DAX sinks to 5-month low, German factory orders slips

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
, ,
Back to Top