First Mover Asia: Bitcoin Hovers Over $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ten-year Treasury yield daily close: 2.84%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin held its footing above $23,000 throughout the weekend as investors seemed mostly recovered from Friday's surprisingly strong jobs report.

Bitcoin has lost more than 50% of its value since the start of the year, plummeting with stocks, as investors fretted about the dual threats of inflation and economic contraction. Digital assets have rallied along with stocks over the past three weeks, however, amid hopeful signs, and held fast the past three days.

Ether, the second largest crypto by market cap, was recently trading hands at approximately $1,700, up roughly a percentage point and about where it stood when the weekend began. Other major cryptos were mixed with Theta and ATOM rising over 7% and 6%, respectively at one point, but FIL dropping more than 5%.

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JPRubin23 thesamreynolds On the other hand, whatever the market conditions, some people benefit from the fluctuations in the bitcoin price

JPRubin23 thesamreynolds I guess it can cost more usdt sooner or later

JPRubin23 thesamreynolds Just consider bitcoin as a long-term investment. I'm sure it will be profitable by the end of the year

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JPRubin23 thesamreynolds Bitcoin's rise or fall affects the entire cryptocurrency market, it's obvious

JPRubin23 thesamreynolds Let's be optimistic about this 🤔😉

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JPRubin23 thesamreynolds How do get around paying taxes on this?

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