Bitcoin plunges after taking an early morning ride over $20K, and ether also rises and falls; Chinese students and educators wonder if universities can successfully teach the technology with Chinese characteristics. JPRubin23 and luo_trista report
Ten-year Treasury yield daily close: 3.96%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 atIn topsy turvy Tuesday trading, bitcoin and other cryptocurrencies rose early before crumbling.
Bitcoin's rise and fall came as investors initially may have tried to anticipate cryptos' historically bullish October by adding to their holdings. And two unexpectedly strong economic indicators may have also buoyed their spirits before. But investors later recoiled over inflation and recession fears that have plagued asset markets of all stripes for months.
late Tuesday after reports that FTX’s Sam Bankman-Fried could bid on the bankrupt crypto bank’s assets. The token had nosedived earlier Tuesday after the surprise departure of Celsius CEO Alex Mashinsky., an index measuring cryptos' performance, was recently down slightly and about where it has stood for much of the past week. The Fear & Greed index, a measure of market sentiment about crypto, remains in extreme fear territory.