Bitcoin Tumbles Most Since May
"The Hash" panel analyzes the crypto markets and outlook as all major cryptocurrencies are in the red. Bitcoin tumbled 11.3%, the most since May, leading a broad retreat from digital assets even as bullish investors touted El Salvador’s adoption Tuesday of the largest cryptocurrency as legal tender. What's going on?
Valkyrie CIO on Bitcoin as BTC Becomes Legal Tender in El Salvador
Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.
What Could Liquid Exchange Do Now to Prevent Future Crypto Hacks?
Seth Melamed, COO of Liquid Group, discusses Liquid Exchange’s $90 million hack and measures the firm is taking to prevent hacks like this from happening again. Plus, his reasons why he doesn’t think El Salvador’s bitcoin law is sustainable and whether he foresees Asia potentially adopting BTC as legal tender.
Voyager Digital CEO on $900M Token Swap and Merger
Voyager Digital CEO Stephen Ehrlich discusses what's next for his crypto brokerage company following the $900 million token swap between its original VGX token and LGO, a token originating from a French digital asset exchange that his firm acquired last year. Plus, insights into why he expects an uptrend in bitcoin's price in September and throughout the rest of the year, institutional investments, and regulatory concerns.
The Difference September Makes for Bitcoin
If history is any indication, September may not be the best month for bitcoin, but other months look great. How do the months compare one to another over the years? The pattern may surprise you. Michael Casey breaks down the Chart of the Day.
Bitcoin Rises Above $50K After Ether’s Biggest Single-Day Gain in 6 Weeks
Bitcoin crossed the $50,000 mark for the first time since Aug. 23. The advance comes just a day after ether jumped above $3,800 to reach the highest level since mid-May, ending the day with an 11% gain, the biggest single-day rise since July 21. Stephen Stonberg, CEO of crypto exchange Bittrex Global, discusses his take on what's driving the crypto markets higher and what assets he's continuing to watch. Plus, insights into institutional traders.
All CoinDesk Top 20 Assets Produce Positive Returns in August
A new chart reveals all CoinDesk Top 20 assets, the top 20 digital assets based on verifiable dollar volume and exchange listings, had positive returns in August. "All About Bitcoin" host Michael Casey breaks down the Chart of the Day.
Why Are Altcoins Outperforming Bitcoin?
CoinDesk’s Galen Moore discusses his crypto markets analysis and outlook in response to a chart illustrating altcoins outperforming bitcoin in August. “When you see a chart like this with Cardano and XRP in the top three, that is certainly an indicator of retail froth,” Moore said. Plus, his take on growing institutional interest in crypto.
Bitcoin Could Become Payment Option for Twitter’s Tip Jar Feature
A new report revealed that Twitter could soon enable users to tip content creators using bitcoin following the latest update to its “Tip Jar” feature in its beta code, indicating that users will be given bitcoin tutorials.