First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Falls Below K as Trading Volume Weakens, Altcoins See Red
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin fell as U.S. stocks sagged and the U.S. dollar strengthened.Technician’s take: Buying activity remains weak, which reduces the chance of a significant price rise into January.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $48,123 -4.7%Ether (ETH): $4,183 -5.3%MarketsS&P 500: $4,667 -0.7%Dow Jones Industrial Average: $35,754 -0.0001%Nasdaq: $15,517 -1.7%Gold: $1,775 -0.4%Market movesBitcoin fell toward $48,000 on Thursday, sliding nearly 5% after hovering over $50,000 for much of the previous two days. Trading volume of the No.1 cryptocurrency by market capitalization across major centralized…