First Mover Asia: Bitcoin Tops $50K, Ether, Other Altcoins Rise

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Tops K, Ether, Other Altcoins Rise
Good morning. Here’s what’s happening this morning:Market moves: All eyes were on the Chinese stock market, as bitcoin funding rates on Chinese derivatives exchanges slowly recovered from negative territory.Technician’s take: Bitcoin was stabilizing above its 20-day average two days after its 20% plummet.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $50,509 +2.3%Ether (ETH): $4,324 +3.1%MarketsS&P 500: $4,591 +1.1%Dow Jones Industrial Average: $35,227 +1.8%Nasdaq: $15,225 0.9%Gold: $1,778 -0.2%Market movesBitcoin inched up on Monday two days after plummeting 20%, and at one point neared $51,000. The largest cryptocurrency by market capitalization was trading…