First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles

First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles


But ether’s 10% plunge on Monday represented its biggest dip in more than a month as the crypto broke from a six-day trading range of $1,460 to $1,660. The focus has shifted to ether’s 50-day moving average of $1,293, as CoinDesk Senior Markets Reporter Omkar Godbole wrote, although Fairlead Strategies founder and Managing Partner Katie Stockton, wrote in a research note published Monday, that support could dip lower, highlighting short-term signs of investor exhaustion. “A pullback in ether may find initial support at the 50-day MA (~$1,293), but we expect an eventual retest of interim support ($1,000) on the next down leg,” Stockton wrote.

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