Bitcoin Holding Steady Amid Heightened Market Volatility
Bitcoin (BTC) is holding remarkably steady amid heightened volatility in nearly every traditional market asset, including U.S. government bonds, which are widely regarded as the safest, according to the American Economic Review. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Struggles Around $19K Ahead of Inflation Data
Bitcoin (BTC) traded flat at $19,200 ahead of the next inflation report coming later this week. GSR Markets Global Head of Product Benoit Bosc joins “First Mover” to discuss his crypto outlook amid recession concerns. Plus, why he is hopeful about crypto eventually decoupling from the stock market.
El Salvador’s Bitcoin Adoption ‘Largely Underwhelming’: Researcher
September marks the one year anniversary of El Salvador recognizing bitcoin (BTC) as legal tender. LSE Public Policy Fellow Frank Muci discusses the outcomes of El Salvador’s bitcoin experiment. Plus, more insight on President Bukele's plans to seek reelection as the country's debt rating is downgraded by Fitch.
Bitcoin Slips Below $20K as October Doldrums Continue
Bitcoin (BTC) has yet to find inspiration in what has historically been a strong month, trading flat at $19,300. Opimas CEO and founder Octavio Marenzi discusses his crypto outlook ahead of the CPI report this week. Plus, insights into the correlation between bitcoin and gold.
Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year
Last week, the 30-day correlation between gold and bitcoin (BTC) reached over 0.3, its highest in over a year, even as cryptocurrencies decoupled from equities, according to Kaiko. The 30-day correlation between gold and bitcoin has ranged between positive and negative 0.2 since late last year. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Argo Blockchain Raises $27M to Ease Liquidity Pressures; US Jobs Report Impact on Bitcoin
London-based bitcoin (BTC) miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor. Plus, the U.S. added 263,000 jobs in September, slightly more than expected but still reflecting a weakening labor market.
September US Jobs Growth Slightly More Than Expected; Bitcoin Slips From $20K
U.S. employers added 263,000 jobs in September, according to the Labor Department's late jobs report. That's slightly more than expected but still reflects a weakening labor market. Bitcoin (BTC) fell about 2% on the news. "The Hash" hosts discuss the latest job numbers and the revelations about the state of the economy.
Bitcoin Correlation to Both Risk-on and Risk-off Assets Rose in September
Bitcoin (BTC) has been trading within a $600 range while the token’s correlation with both risk-on and risk-off assets rose in September, according to Kraken Intelligence. Plus, insights on the quiet BTC whale activities in the past month. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Finds Resistance at $20K as Stock Market Falls
Bitcoin (BTC) remained steady at $20,000 despite the dip in the stock market ahead of Friday’s job report. Juthica Chou, Head of OTC Options Trading at Kraken, discusses her crypto outlook amid macro headwinds. Plus, more insights into the whale activities and institutional volume.