Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.
Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists.
Cryptocurrencies lingered near almost two-year lows as digital-asset investors sought a fresh catalyst with central bank rate increases depressing demand for riskier assets.
The additional cryptocurrency token that investors received after the Ethereum blockchain transitioned to a new method of handling transactions has tumbled as much as 60% since it began trading late Thursday.
Bitcoin extended a rally amid a brighter mood in global markets and as traders await US inflation data and monitor a seminal upgrade of the Ethereum blockchain.
Bitcoin is on track for its worst quarter in more than a decade, as hawkish central banks and a string of high-profile crypto blowups hammer sentiment.
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown.
Bitcoin rebounded after slumping along with stocks on Thursday, meeting resistance at the $30,000 level around which it’s been trading for the past month.
Bitcoin is nursing a 21% loss so far in May -- the worst monthly slump in a year -- following last week’s crypto sector turmoil over the collapse of the TerraUSD algorithmic stablecoin, also known by its ticker UST, and Tether’s brief dip from its dollar peg.
Bitcoin dropped to its lowest level in more than a month and other digital assets tumbled as investors’ tendency toward risk aversion, combined with the lack of a clear catalyst for buying, drove the market lower.
Bitcoin broke out of a narrow trading range and wiped away this year’s losses amid a broad rally for cryptocurrencies, sparking speculation that the biggest digital asset could advance past the $50,000 mark soon.
With oil again surging as governments step up sanctions on Russia, yield curves signaling growing apprehension over growth and concerns mounting about 2008-style liquidity crunches as the dollar surges, pressure on economies is rising. Should it result in a full-blown downturn, it will become much harder for equities to stay resilient.
Cryptocurrencies had a blockbuster year in 2021 by almost any measure. Bitcoin, Ether and other coins jumped, reaching new highs far beyond their previous peaks.
Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.
Cryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs.
Fireblocks has raised $310 million in a series D round that values the digital-asset platform at $2 billion, sealing its status as a unicorn.
JPMorgan Chase & Co. is teaming up with Singapore’s Temasek Holdings Pte. and DBS Group Holdings Ltd. to create a new blockchain-based platform for payments, trade and foreign exchange settlement.
Inflation was a first-quarter problem. Investors are now fretting over the potential tax bill companies could face as part of President Joe Biden’s proposed $2.25 trillion infrastructure plan.
The prospect of tax hikes may not have derailed gains in U.S. stocks yet, but 100 years of data say the market is far from impervious to them.
A closer look at the GameStop Corp. options market shows another David-versus-Goliath battle, once again pitting large institutional firms against retail traders.
Wall Street strategists are going all-in on reflation bets that powered global markets through last week’s U.S. political mayhem and the spreading pandemic.
Each market milestone passed in 2020 is a reminder of the Federal Reserve’s extraordinary efforts to hold things aloft -- and a belief that it’ll continue.
The Russell 2000 has advanced more than 12% since a recent low on Sept. 23 -- almost twice as much as the tech-heavy Nasdaq 100.
Investors should consider alternatives such as private credit as they search for positive yield in a world of low or negative interest rates, says Nuveen.
Not everyone sees the bottom as necessarily reached.
