Bitcoin holds steady above $23K in weekend trading, while other major cryptos are mixed; the excitement at South Korea's blockchain megaweek is palpable but there's an edginess in the air. JPRubin23 and TheSamReynolds report
Ten-year Treasury yield daily close: 2.84%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin held its footing above $23,000 throughout the weekend as investors seemed mostly recovered from Friday's surprisingly strong jobs report.
Bitcoin has lost more than 50% of its value since the start of the year, plummeting with stocks, as investors fretted about the dual threats of inflation and economic contraction. Digital assets have rallied along with stocks over the past three weeks, however, amid hopeful signs, and held fast the past three days.
Ether, the second largest crypto by market cap, was recently trading hands at approximately $1,700, up roughly a percentage point and about where it stood when the weekend began. Other major cryptos were mixed with Theta and ATOM rising over 7% and 6%, respectively at one point, but FIL dropping more than 5%.
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