First Mover Americas: Bitcoin Drops as Traders Take Profits

First Mover Americas: Bitcoin Drops as Traders Take Profits


This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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CoinDesk 20 Index: 2,004 −3.5% Bitcoin (BTC): $62,471 −2.4% Ether (ETH): $2,632 −4.1% S&P 500: 5,616.84 −0.3% Gold: $2,547 +1.2% Nikkei 225: 38,288.62 +0.47%

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Bitcoin slid under $63,000 as traders took profits following the crypto market’s weekend rally. BTC has dropped over 2.4% in the last 24 hours to trade just below $62,500, while the broader market has fallen 2.15%. QCP Capital,

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