Bitcoin’s Price Retraces Again, Breaks Below Trendline

Bitcoin’s Price Retraces Again, Breaks Below Trendline

Bitcoin (BTC): $23,960 −0.3%

Ether (ETH): $1,883 −0.9%

S&P 500 daily close: 4,305.20 +0.2%

Gold: $1,791 per troy ounce +0.5%

Ten-year Treasury yield daily close: 2.82% +0.03

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.

Originally Posted on: https://www.coindesk.com/markets/2022/08/16/market-wrap-bitcoins-price-retraces-again-breaks-below-trendline/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Glenn Williams, Jimmy He

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