Market Wrap: As Stocks Rally, Bitcoin Trades Above $9.3K for the First Time in 10 Days
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.
The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data.
The digital advertising token briefly became bigger than ether in the decentralized finance space, thanks to popular lending protocol Compound.
Add the U.S. presidential election to the growing list of volatility drivers as the bitcoin market enters the second half of 2020.
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Noelle Acheson looks at the potential influence of Generation Z on how institutional crypto asset markets will evolve.
Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example of their usefulness.
Ether's put-call open interest ratio has jumped to 12-month highs. However, this increase is not necessarily a bearish signal.
Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has gotten stronger. That may not be bad news.
Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.
Bitcoin mining revenue dropped 23% in June to approximately $380 million.
Bitcoin is decentralized, good in an emergency, supported by passionate fans and not likely ever to see mainstream adoption, says our columnist.
Crypto.com saw the total number of users increase by 50% in the past few months, to 3 million people.
Equities show strength as bitcoin stays rangebound above $9,000.
June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May.
The Chain token gained 33% last month, the top performer among the largest digital assets during a month when bitcoin, ether and XRP all fell.
CoinGecko has added a cybersecurity metric to its Trust Score. As with rival data site CoinMarketCap, the largest exchange Binance retains pole position.
Forecasts of the dollar's demise are premature. Demand for greenbacks has never been stronger, says our columnist.
Bitcoin volatility continues to drop as the price stays within a tight range and traders wait for a breakout in either direction.
The popular stock-to-flow bitcoin valuation model has the air of academic rigor. Unfortunately, it's just math-laden marketing.
Coin Metrics offers a standardized way of measuring the size and depth of digital asset markets with free float supply methodology.
Bitwise suggests Bitcoin could be looking at territory well north of the previous $20,000 all-time high.
Bitcoin is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month.
Remember that college student who spoke candidly about inflating crypto trading volumes? He’s still at it – and COVID-19 has kept his business brisk.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Options market data suggests bitcoin could become more volatile than ether over the next three months.
If history is a guide, the dollar's reserve currency status can withstand a lot of bad policymaking. Bitcoin may rise, but it could take a while.
It's been assumed for years that well-heeled financial institutions would become the main driving force and primary investor class in crypto. That narrative may underestimate the power of the retail investor.
Bitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year and avoiding a break below the ongoing restricted trading range.
