Bitcoin: Bitcoin’s rising correlation with tech weighs on hedge appeal

Bitcoin: Bitcoin’s rising correlation with tech weighs on hedge appeal

A familiar tone emerged in the market on Friday: tech stocks saw a small rebound and around the same time, Bitcoin reversed course as well, highlighting the cryptocurrency’s tendency to move at the same time as other risky assets. The world’s largest digital token rose 0.6% to $43,080 on Friday as of 3:46 pm New … Read more

Bitcoin And Ethereum Sell Off As The 10-Year Yield Touches 1.81% On Monday

Bitcoin And Ethereum Sell Off As The 10-Year Yield Touches 1.81% On Monday

Getty Images Getty Images The main takeaway: Stock sells off then bounces on a roller coaster on Monday Cryptocurrencies continue to sell as investors shy away from riskier assets Gold fails to join defensive groups or hedge against inflation Stock index futures are pointing higher as investors hope to build on Monday’s recovery. Monday was … Read more

The Fed’s Warning Triggers Another Crypto Price Crash In Bitcoin, Ethereum, Binance Coin, Solana—A Shaky Year Ahead

The Fed’s Warning Triggers Another Crypto Price Crash In Bitcoin, Ethereum, Binance Coin, Solana—A Shaky Year Ahead

This week, bitcoin and cryptocurrency prices sank after the Federal Reserve released the minutes of its December meeting, which revealed a policy shift that does not bode well for cryptocurrencies. As of now, the price of bitcoin is down 9% to $38,040 for the week, down from around $41,500 after the news broke. The world’s … Read more