The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

WASHINGTON — With the proliferation of cryptocurrencies, prices of bitcoin and other digital tokens are often displayed on cable news tickers and financial apps as if they were common stocks, bonds or oil futures. They are not. This makes them a challenge to US financial lawmakers. Cryptocurrency censorship, which appeared in 2009, is sporadic. Regulators … Read more

Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more

What’s behind the booming market for rare coins

What's behind the booming market for rare coins

As investors continue to pour money into all things cryptocurrency, there is another type of currency that appears to be gaining momentum. And this is as “real” as money – as in rare coins. According to many accounts, the market for coins (or coins) has experienced exponential growth since the beginning of the pandemic, in … Read more

Different crypto will be less correlated, as healthcare stocks ‘won’t move in the same way’ gold ETF moves, a crypto asset manager says

Different crypto will be less correlated, as healthcare stocks 'won't move in the same way' gold ETF moves, a crypto asset manager says

Hello! Welcome back to Distributed Ledger, the weekly crypto newsletter that hits your inbox every Thursday. I’m Francis Yu, a crypto reporter at MarketWatch, and I’ll share with you the latest and best digital assets this week so far. Find me on Twitter at MustafaHosny Oh God, Amen To send feedback or tell us what … Read more

Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

This argument has always existed — some bitcoin proponents have described the cryptocurrency as “digital gold,” an inflation hedge and a store of value. But others point out that Bitcoin was recently traded side by side With the sentiment around the stock market, especially over the past few months, as investors adjust to the Federal … Read more

The crypto market is uneasy about the Fed meeting and high inflation. Here’s why

The crypto market is uneasy about the Fed meeting and high inflation. Here's why

Cryptocurrency investors are closely watching this week’s Federal Reserve meeting, as the market expects the central bank to announce a faster cut in the pace of bond purchases as inflation rises in the US. Facing Macroeconomic Uncertainty, Bitcoin BTCUSD, -3.39% It has fallen more than 30% from its all-time high of $68,991 in November, and … Read more

Global Cryptocurrency Market Report 2021: COVID-19 Implications and Growth to 2025 & 2030 – ResearchAndMarkets.com | Business

Global Cryptocurrency Market Report 2021: COVID-19 Implications and Growth to 2025 & 2030 - ResearchAndMarkets.com | Business

Dublin – (BUSINESS WIRE) – January 7, 2022 – The report “Global Crypto Market Report 2021: COVID-19 Impacts and Growth” has been added to the ResearchAndMarkets.com offering. The global cryptocurrency market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The … Read more

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Major cryptocurrencies fell on Wednesday, minutes after the Federal Open Market Committee’s December meeting showed that some officials had extensive discussions about how to more quickly move away from its current easy monetary stance by raising rates and shrinking its $8.67 trillion balance sheet. Bitcoin BTCUSD It dropped more than $2,500 after the minutes were … Read more

NASCAR rejects driver’s sponsorship deal with ‘Let’s Go Brandon’ cryptocurrency

NASCAR rejects driver's sponsorship deal with 'Let's Go Brandon' cryptocurrency

“Let’s Go Brandon” is a NASCAR no-go. NASCAR has rejected a sponsorship deal between driver Brandon Brown and crypto LGBCoin, according to several newsletter Reports. Brown’s racing team, Brandonbilt Motorsports, prematurely announced last week that LGBCoin — a nod to the anti-Biden chant — will be the sponsor for the 2022 NASCAR Xfinity Series II. … Read more

Goldman Sachs thinks bitcoin can get to $100,000. Here’s how.

Goldman Sachs thinks bitcoin can get to $100,000. Here's how.

Bitcoin is likely to take a larger market share than gold as a “store of value” thanks to broader adoption of digital assets and Bitcoin scaling solutions, according to a Tuesday report from Goldman Sachs. Cryptocurrency price could exceed $100,000 in a hypothetical scenario when Bitcoin is BTCUSD, + 1.05% Capture 50% of the “store … Read more