NFT market booms while crypto market remains sluggish. Here’s why

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

Major cryptocurrencies trade up despite Central Bank of Russia’s proposed crypto ban

Major cryptocurrencies trade up despite Central Bank of Russia's proposed crypto ban

Major cryptocurrencies are trading higher on Thursday morning despite the Russian Central Bank’s proposal to ban the use, issuance and mining of all cryptocurrencies. The central bank said in a report on Thursday that cryptocurrencies spread threats to the well-being of Russian citizens and the financial stability of the country. Russia is among the list … Read more

Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy

Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy

The Federal Reserve casts a shadow over cryptocurrencies. Like stocks, cryptocurrencies are extending the sell-off to start the year due to expectations that the central bank will raise interest rates as early as March. Bitcoin, the largest cryptocurrency, is down 8.7% since the beginning of the year, according to CoinDesk, and the second largest, ethereum, … Read more

If Crypto Crashes Tomorrow, It’s No Big Deal. In Five Years, It Might Be.

If Crypto Crashes Tomorrow, It’s No Big Deal. In Five Years, It Might Be.

This is the classic response to people skeptical about the rise of cryptocurrency from those who got into the speculative frenzy early on. This means, of course, that these early buyers consider themselves wealthy. But are they really? One way to answer this question is to imagine what would happen if their newfound wealth became … Read more

Bitcoin’s Fair Value Is a Lot Less Than the Market Thinks

Bitcoin’s Fair Value Is a Lot Less Than the Market Thinks

font size dream time The fair value of Bitcoin is $20,851, according to the only valuation model I know of for this most popular cryptocurrency. Your reaction to this depends in part on whether you see the glass as half full or half empty. On the other hand, this fair value estimate is less than … Read more

‘Where the crypto market goes from here is completely dependent on the stock market,’ says digital-asset tycoon Barry Silbert

'Where the crypto market goes from here is completely dependent on the stock market,' says digital-asset tycoon Barry Silbert

Do you want to know where the crypto market goes from here? Investors should look no further than the stock market, Barry Silbert, a strong player in the digital asset sector, says in a tweet Sunday night amid a downturn in digital assets. Silbert’s comments came as BTCUSD, + 1.47%And Ether ETHUSD, + 1.88% and … Read more

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