First Mover Americas: Bitcoin Drops 3%, Still on Track for Best September Since 2013
The latest price moves in crypto markets in context for Sept. 30, 2024.
The latest price moves in crypto markets in context for Sept. 30, 2024.
BTC is close to ending September up 9%, its best since 2013, ahead of a seasonally bullish October.
A $10 billion surge in stablecoin minting over the past weeks has flooded the crypto market with liquidity, Thielen noted.
“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.
BlackRock’s latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing six-month basis.
Gensler was responding to CNBC’s question on whether the SEC chair was “warming up to top-tier crypto?”
Monetary stimulus in the U.S. and China appeared to be the catalyst for the crypto’s run higher.
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
Asian markets roared higher and gold notched another record following another round of Chinese fiscal and monetary stimulus.
Republican U.S. presidential candidate Donald Trump won chits from the Bitcoin community for reportedly purchasing smash burgers at a Bitcoin-friendly New York pub. But in a way, the whole episode was about damage control.