China unrest: global markets down, Bitcoin correlation concerns

Strict COVID-19 restrictions and their aftermath triggered massive protests across China and rising pressure within global markets. Bitcoin lost 3% trading at $16,180 levels, with altcoins down by 4-8%. Considering crypto market vulnerability following the FTX collapse, concerns about the potential Bitcoin correlation have been on the rise.
Related news
Markets
Mar. 23, 2023

Arbitrum Token Settles at $1.38 Amid Airdrop Claim Chaos
The Arbitrum token (ARB) is now trading at around $1.38 across centralized and decentralized exchanges after a turbulent launch. There has been a total of $27 million in trading volume in the first hour since the claim opened, according to Coin...
Markets
Mar. 23, 2023

Arbitrum's ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop
The long-awaited Arbitrum token (ARB) made its market debut Thursday, trading at $3.99 on Uniswap as volatility spiked on decentralized exchanges. The official claim for the token went live at the Ethereum block height of 16,890,400 at 13:05 UTC...
Markets
Mar. 23, 2023

First Mover Americas: SEC Warns Coinbase
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 . Latest Prices Top Stories The U.S. Secur...
Markets
Mar. 23, 2023

Floor Prices for Donald Trump NFTs Surge on News of Possible Indictment
A set of non-fungible tokens (NFTs) related to former U.S. President Donald Trump have jumped over 30% in ether-denominated value over the past week amid a possible indictment and arrest of the former president. At the time of writing, the Polyg...
Markets
Mar. 23, 2023

Bitcoin Miners' Revenue From Fees Rises Suggesting the Onset of Major Bull Run
Bitcoin's (BTC) 60% year-to-date surge may be only the first milestone in its upward journey, as miner revenues from transaction fees are rising. The two-year Z-score for miner revenue from fees, an indicator used to identify periods of high and...
Markets
Mar. 23, 2023

Arbitrum Daily Transaction Count Hits Record High Ahead of Token Airdrop
Activity on Arbitrum, an Ethereum-layer 2 scaling system that uses Optimistic rollups technology to provide faster and cheaper transactions, has picked up the pace ahead of the planned airdrop of its native token ARB on Thursday. The number of...