Bitcoin daily losses near $4K as S&P 500 hits 69th all-time high of 2021
A Christmas party for stocks masks “a massive amount of weakness,” one commentator warns, as Bitcoin sentiment votes with its feet. Go to Source Powered by WPeMatico
Wall Street
Auto Added by WPeMatico
Wall Street jinx? Traders weight ‘sell the news’ potential after Bitcoin ETF launch
The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Go to Source Powered by WPeMatico
Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) … Read more
Morgan Stanley launches cryptocurrency research team
After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley dives deeper into crypto. Go to Source Powered by WPeMatico
AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential … Read more
Wells Fargo files for Bitcoin fund
Wells Fargo is offering its wealthy clients indirect exposure to Bitcoin through a new fund issued in partnership with NYDIG and FS Investments. Go to Source Powered by WPeMatico
Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar. Go to Source Powered by WPeMatico
Trading firm of richest crypto billionaire reveals buying ‘a lot more’ Bitcoin below $30K
Alameda Research, headed by Sam Bankman-Fried, whose net worth lately reached over $8 billion, has upped its Bitcoin buying around its key psychological support of $30,000. Go to Source Powered by WPeMatico
Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices
Bitcoin’s drop below $30,000 has sparked worries that it is heading to $20,000 next. But is such a massive drop feasible against the current macro fundamentals? Go to Source Powered by WPeMatico
S&P Dow Jones Indices launches new cryptocurrency indexes
The S&P Cryptocurrency Broad Digital Market Index is being launched alongside four other benchmarks that track cryptocurrencies based on market capitalization. Go to Source Powered by WPeMatico