Crypto News

Coin Price Today April 19: Bitcoin Continues to Plunge to $61,000, Altcoins Are on Fire, S&P Recorded Longest Downtrend Since October 2023

US stocks

Stock futures were little changed in overnight trading Thursday, as the S&P 500 headed for its worst week in nearly six months.

Dow Jones futures edged up just 13 points. S&P 500 and Nasdaq 100 futures were both flat.

Netflix shares fell more than 4% in extended trading even after the company reported a quarterly earnings beat. Netflix’s subscriber base grew 16% year-over-year, but it said it would no longer report paid membership numbers starting in 2025.

The S&P 500 has fallen for five straight sessions, bringing its loss for the week to 2.2%, which would be the index's third straight negative week and its biggest weekly decline since Oct. 27, 2023. The S&P 500 is now down 4.8% from its 52-week high.

The market pullback has been largely driven by expectations of an early rate cut. Economists and strategists now see the Fed waiting until at least September to cut rates and are increasingly concerned about the possibility of no rate cuts this year.

Minneapolis Fed President Neel Kashkari, who does not vote on interest rate decisions this year, told Fox Team that the central bank needs to be patient before cutting rates and the first move may not come until 2025.

“The biggest worry in the stock market right now is that inflation is rising again, throwing cold water on the idea of ​​a rate cut in 2024,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management.

The blue-chip Dow and tech-heavy Nasdaq Composite are also on track for a losing week, down 0.6% and 3.6%, respectively, so far. The Nasdaq is on track for its fourth straight weekly decline, its longest weekly losing streak since December 2022.

Companies scheduled to report quarterly results Friday morning include consumer products giant Procter & Gamble, oil services giant SLB and financial services company American Express.

Last week, Assange said that Bitcoin is more realistic than the long-running anti-financial protest movement stemming from economic inequality around the world. The Wikileaks founder said: This week, Assange told the public that Wikileaks is currently dealing with a “Blockade Banking 2.0” event and that the platform is currently accepting Zcash, Monero, and Litecoin along with Bitcoin donations.

“We have uncovered an astonishing plot by US intelligence against the foundation that gives Wikileaks donors the ability to deduct taxes in the EU (Wau Holland Stiftung) – it comes after our series on the CIA, Vault 7, in the press next week. Strangely, at the same time in the US, the Freedom of the Press (FPF) foundation has told us that it will close its US tax deductions in January,” Assange explained.

Just like in 2011, Wikileaks’ legal team is also trying to protect the rights of donors and allow people to donate to the organization. Two days ago, on December 19, Assange explained to the public that anonymous intruders had harassed the head of Wikileaks’ legal team.

“Police said: These people broke into the law office of Baltasar Garzón – head of Wikileaks’ legal team in Madrid – no money was stolen – security cameras recorded… Very professional action,” Assange captioned. Disclaimer : This information is provided as a personal blog, not as general information or investment advice. We are not responsible for your investment decisions.

Bitcoin and Altcoins
After returning above $64,000 yesterday, BTC has resumed its downward trend. The market has pulled back to near $61,000, erasing almost all of the previous day's recovery.

BTC Price Chart – 4 Hours | Source: TradingView Altcoins also turned red as Bitcoin took a sudden plunge. Nervos Network (CKB) and Core (CORE) are the two worst performing projects in the top 100, losing more than 10% of their value in just the past 24 hours. Followed by Ondo (ONDO), Maker (MKR), Pendle (PENDLE), Ethena (ENA), Chiliz (CHZ), Conflux (CFX), Sui (SUI), Beam (BEAM), Kaspa (KAS), Fantom (FTM), Polygon (MATIC), Decentraland (MANA), Render (RNDR)… with a decrease of 4-9%.

Source: Coin360 Ethereum (ETH) continued to plunge below $3,000, erasing the previous day's recovery. ETH is currently trading around $2,950, losing more than 3% of its value in just the last 2 hours.

ETH Price Chart – 1 Day | Source: TradingView The “Coin Price Today” section will be updated at 9:00 every day with general Team about the market, we invite you to follow.