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Stocks
Market Wrap: Altcoins Underperform as Bearish Sentiment Rises
Analysts expect price bounces to remain short term.
Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%
BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks.
Market Wrap: Cryptos Mixed Amid Choppy Trading, Bitcoin Activity Slows
The drop in activity on the blockchain is similar to what occurred during the 2018 bear market.
GameStop Reports $76.9M in Proceeds From Sales of Digital Assets in First Quarter
The company also confirmed intentions to launch its NFT marketplace in the second quarter.
Market Wrap: Bitcoin Declines, Resisting Seasonal Norm; Altcoins Mixed
BTC declined by 4% over the past 24 hours, while WAVES rallied by 21%. The odds of positive monthly returns diminish until Q4.
Market Wrap: Bitcoin Rises to $32K, Outperforming Altcoins
BTC bounced after a nine-week losing streak, although some analysts remain skeptical.
Market Wrap: Bitcoin Stuck Below $30K as Buyers Remain on Sidelines
BTC declined by as much as 3% over the past 24 hours and is on track to end the month in the red.
Market Wrap: Cryptos Down, Stocks Up; Altcoins Underperform
BTC was roughly flat over the past 24 hours, compared with a 6% decline in ETH and a 2% rise in the S&P 500.
Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report
The report based on internal emails seen by The Information comes after Coinbase said earlier this week it will slow hiring.
FTX US Debuts Stock Trading in Push for Bigger Slice of US Retail Pie
FTX.US, the Chicago post of Sam Bankman-Fried’s trading empire, said it will begin testing stock trading functionality for a handful of U.S. users. “The Hash” panel discusses FTX’s push into the traditional finance ecosystem and why we could expect to see more crypto exchanges follow suit.
