Tag Archives: BTC

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement

Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today. Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency […]

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned. According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have […]

Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says

Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says

Bitcoin’s correlation with traditional markets could “erode” its “diversification value over time.” JPMorgan strategists questioned bitcoin’s utility as a reliable investment hedge in a memo published Thursday. Calling bitcoin the “least reliable hedge during periods of acute market stress,” strategists Federico Manicardi and John Normand questioned bitcoin’s ability to function as reliable diversification investment through times of […]

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

The Ethereum blockchain is growing fast thanks to DeFi, and some traders say the ether cryptocurrency could notch further gains. Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks. Ether (ETH), the second-biggest […]

Everyone On Wall Street Thinks Everyone Else On Wall Street Is Long Bitcoin… But Almost None Are

Everyone On Wall Street Thinks Everyone Else On Wall Street Is Long Bitcoin… But Almost None Are

Once upon a time the Bank of America Fund Manager Survey served a useful indicator of what finance professionals did and thought. Then, over the years, it became a survey which revealed what the prevailing consensus narrative was  – if not what respondents actually did – as survey participants merely answered question in line with what they thought was the right […]

Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End

Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End

Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has erased […]

Bitcoin Bull Run: OGs on Why This One’s Different

Bitcoin Bull Run: OGs on Why This One’s Different

Think back to 2017. Crypto was everywhere. The celebrities hawking ICOs included DJ Khaled, “Floyd Crypto Mayweather” and longtime blockchain enthusiast Paris Hilton. The most watched comedy on television, “Big Bang Theory,” named an episode “The Bitcoin Entanglement.” Long Island Iced Tea made the world’s most natural pivot, rebranding itself as Long Blockchain Corp. (The stock […]