First Mover Americas: BTC Steadies, but 10% Monthly Loss Questions Nasdaq Rally
Top Stories Tamfitronics This article originally appeared in First MoverCoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Top Stories Tamfitronics Latest PricesLatest crypto prices. (CoinDesk) (CoinDesk)Top Stories Tamfitronics Top StoriesThe crypto market regained some poise early Tuesday as analysts said supply overhang concerns stemming from defunct exchange Mt. Gox's planned distribution of 140,000 BTC are overdone. Bitcoin traded above $61,000, having hit a low of $58,580 on Monday. The broader market gauge of the CoinDesk 20 Index (CD20) bounced to 2,083 points from 2,020. Still, BTC, a liquidity proxy for macro traders, is down almost 10% for the month, starkly contrasting with a 5% gain in Wall Street's tech-heavy index, Nasdaq. The differing trajectories might foreshadow a tightening of liquidity conditions in...