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Category: S&P 500
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Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021
More than 70% of financial executives surveyed are closely watching what everyone else is doing with Bitcoin before they decide on investing their companies’ cash reserves in it.
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Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’
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Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset Allocation Strategy, Tracie McMillion, compared crypto investing to the “early days of the 1850’s gold […]
The post Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush appeared first on Bitcoin News.
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Bitcoin Volatility Expected to Rise After the US Presidential Election
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around […]
The post Bitcoin Volatility Expected to Rise After the US Presidential Election appeared first on Bitcoin News.
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Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility
The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance measures the suggestive volatility from bitcoin and ethereum options markets. It’s still early but a […]
The post Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility appeared first on Bitcoin News.
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Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’
On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a new report on August 18 that shows bitcoin (BTC) is establishing itself as an investment store of […]
The post Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’ appeared first on Bitcoin News.
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Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers
CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet owned by the cyber thieves received 414 BTC on July 28 […]
The post Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers appeared first on Bitcoin News.
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Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals
A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 will shudder after July 28. Despite the pending doom edging toward traditional stock and equities markets, bullish crypto researchers […]
The post Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals appeared first on Bitcoin News.
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Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst
Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock […]
The post Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst appeared first on Bitcoin News.
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