Inflation Concerns, Strong Jobs Data Put Bitcoin on the Defensive
A strong May jobs report on Friday could set the crypto up for further declines.
U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl
In a Senate hearing, a top U.S. Treasury official said Chinese drug makers have found crypto payments “appealing,” and Warren cited Elliptic research to back a push for legislation.
Sell Crypto Volatility in May, and Go Away?
The recent calm in bitcoin (BTC) and ether (ETH) should not lull market participants into a false sense of security.
5 Years After the $500K Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?
The wager made at Consensus 2018 between the two blockchain eminences hinged on how far Ethereum adoption would get by now. Crypto analysts say the network appears to have met a key threshold, or at least gotten very close.
First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry
The latest price moves in crypto markets in context for May 31, 2023.
Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening
"I don't really see a compelling reason to pause rate hikes," Fed's Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.
First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend
Also: Bitcoin and volatility have a tricky relationship.
Bitcoin Edges Below $28K as Investors Eye U.S. Debt Ceiling Progress
Investors awaited a House vote on the debt limit deal, scheduled for Wednesday.
ProShares’ Bitcoin Futures ETF Underperforms BTC This Year: K33 Research
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.
