Cryptocurrency

Cryptocurrency

Crypto markets face profit taking and Coinbase headwinds

Bitcoin (BTC) has continued to show signs of consolidation around the US$28,000 price point in a promising sign that the impressive gains netted during the recent bout of financial turmoil could prove sticky. BTC/USDT gained close to 2% over the weekend after closing 3% lower on Friday. At the time of writing, the pair had fallen back 0.7% to US$27,750. The past few weeks have been pretty chaotic, not just for crypto but for the broader financial sector, with numerous banking collapses in the US and Credit Suisse’s takeover by rival...
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