Fly On Wall Street

First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports

Price Point

Bitcoin (BTC) was trading flat on Thursday, with little movement over the last 24 hours. The world’s largest cryptocurrency briefly dropped below  $19,000 early Thursday but soon stabilized back just above at around $19,150.

Ether (ETH) was down slightly on the day, at around $1,290. It is still up slightly on the week, however

Top gainers on the day were Elrond’s EGLD and Huobi’s HT token, both up 3%.

In traditional markets, European stocks fell while yields on U.K. government bonds rose. U.S. stock futures slipped. Tesla’s shares dropped 5.4% in premarket trading after the electric-car maker reported third-quarter revenue that missed analysts’ expectations.

CoinDesk Market Index

Biggest Gainers

AssetTickerReturnsDACS Sector
ChainXCN+12.17%Currency
RadicleRAD+7.2%Computing
BiconomyBICO+7.07%Smart Contract Platform

Biggest Losers

AssetTickerReturnsDACS Sector
Ribbon FinanceRBN-5.38%DeFi
MetisDAOMETIS-2.88%Smart Contract Platform
RallyRLY-2.75%Culture & Entertainment

Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk Market Index (CMI) is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.

Chart of the Day

Crypto Volatility Meltdown in Full Swing

By Omkar Godbole

This chart shows bitcoin’s 30-day volatility has dipped below that of the S&P 500. (Source: Bianco Research, Standard & Poor’s, Bloomberg)
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