Bitcoin, Trump
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Shares of Coinbase Global Inc (NASDAQ:COIN) and other crypto-related companies are trading lower Monday morning as Bitcoin
Bitcoin (BTC) extended its weakness into the low-liquidity weekend trading session, with BTC slipping to a five-week low of $86,000 on Sunday. The cryptocurrency could potentially retest its macro low of $66,
Cathie Wood's investment firm, Ark Invest, added exposure to crypto-related equities despite a continuing slide in crypto prices.
Bitcoin's very modest bounce from the weekend lows appears to be failing, the price falling back to just above $77,000. Gold and silver, meanwhile, have renewed their bull runs, with gold close to reclaiming the $ 5,000-per-ounce level.
“When interest rates increase, fixed-income assets lose value, and investors, knowing that interest rates are easier to predict and may continue to increase, instead of holding a ‘fixed-income’ asset that will lose value in the short term, they cut losses and invest in riskier assets, like Bitcoin,” he said in a recent analysis.
The crypto treasury company's Bitcoin bet fell into the red at one point on Monday.
Overview: Bitcoin rebounded to $78,619 as whales absorbed panic selling and defended key support levels.The US Crypto Market Structure Bill gets delayed further
Peter Schiff went after Bitcoin again. The longtime crypto critic blamed Wall Street firms for pumping Bitcoin's price to unsustainable levels during his
Crypto investors have grown cautious after BlackRock shifted millions in Bitcoin and Ethereum as ETF outflows drag total AUM below $100 billion.