The crypto custodian priced its initial public offering at $18 per share late Wednesday.
BitGo stock gains 25% in opening trades on NYSE as investors bet on the ‘plumbing’ of the crypto world
The crypto custodian priced its initial public offering at $18 per share late Wednesday.
Shares:
BTC fell 2.2% as $299 million in liquidations hit crypto markets, with long positions accounting for 85% of the damage.
Bitcoin has broken above $73,000 after weeks of consolidation, but traders remain divided over whether the move marks a genuine breakout or another trap for late buyers.
The anticipated 2% price swing around Powell’s speech suggests slightly higher volatility than the average daily volatility of 1.52%, which is derived from the 30-day realized volatility of 29%.
Bitcoin’s slide to $100,600 caps another week of losses due to renewed Fed caution. Ether and most altcoins are struggling, though AI-linked tokens are seeing outsized gains.