Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin has carved out most of its year-to-date gains during the American hours. Bitcoin and ether were again trading lower in Asian hours, continuing the…
Tag: Ethereum
3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year High as Crypto Crashed
Bitcoin’s evolution as a macroeconomic asset makes it more vulnerable to Fed jitters. While bitcoin tanked last week, pulling the broader crypto market lower, there…
JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin
The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou. “Bitcoin’s allure as an inflation hedge”…
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail. The…
Bitcoin Breaks $50K for First Time In a Month
The gain comes amid a weak start to October for U.S. stocks. Bitcoin, the largest cryptocurrency by market value, broke above the crucial psychological threshold…
Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China
Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources…
Cambrian Says Its New Bitcoin, Ethereum Trusts Will Cut Through Volatility
The California-based asset manager said the new trusts will reduce volatility through its active management strategy. Quantitative crypto hedge fund Cambrian Asset Management said its…
Interactive Brokers rolls out crypto trading with Paxos
Global electronic brokerage firm Interactive Brokers Group is teaming up with Paxos to enable crypto trading. Interactive Brokers’ clients can now trade and custody Bitcoin,…
ADA, SOL Lead the Way as Crypto Market Sees Price Pullback
“It is normal for investors to reduce exposure to enter at a lower price,” one observer said. The crypto market is a sea of red,…
Bitcoin Breaks $48K for First Time Since May
“The institutional world is turning cautious on stocks and that is making cryptocurrencies look very attractive,” said one analyst. The world’s largest cryptocurrency is up…