Bitcoin nears worst monthly losses since 2011 with BTC price at $19K
Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000. Go to Source Powered by WPeMatico
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New spot Bitcoin ETF launched at Euronext Amsterdam Exchange
The Jacobi Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN in July. Go to Source Powered by WPeMatico
Goldman Sachs downgrades Coinbase stock to ‘sell’
The United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market. Go to Source Powered by WPeMatico
On the brink of recession: Can Bitcoin survive its first global economic crisis?
Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Go to Source Powered by WPeMatico
Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?
BTC’s high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided? Go to Source Powered by WPeMatico
FTX US acquires Embed Financial subsidiary for stock trading platform
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer. Go to Source Powered by WPeMatico
ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K
The ETF will allow U.S. investors to bet against BTC using futures contracts given the cryptocurrency’s performance in a single day, as measured by the CME Bitcoin Futures Index. Go to Source Powered by WPeMatico
‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week
Bitcoin manages a weekly close above $20,000, but the market is on a knife edge — can miners hold out this week? Go to Source Powered by WPeMatico
126% return for stock market short-sellers who smelled blood in crypto waters
A report from S3 Partners noted that crypto stocks with the highest short interest include Coinbase, Marathon Digital and MicroStrategy. Go to Source Powered by WPeMatico
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by 75 bps, Global Markets See Slight Rebound … Read more