Wrap

Market Wrap: Altcoins Rally as Bitcoin Buyers Return

Market Wrap: Altcoins Rally as Bitcoin Buyers Return

Bitcoin rose above $43,000 on Wednesday, suggesting that a recovery from a two month-long downtrend is underway. Alternative cryptocurrencies (altcoins) such as FTM, XLM and the popular dog-themed shiba inu (SHIB) token led the way higher, all up more than 10% over the past 24 hours. The rally in altcoins, which typically outperform bitcoin in …

Market Wrap: Altcoins Rally as Bitcoin Buyers Return Read More »

Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public

Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public

Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap the year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running through Dec. 30, we’ll recap …

Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public Read More »

Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated

Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated

Bitcoin is stabilizing above the $40,000 support level after China’s latest crypto ban triggered immediate selling. BTC is down about 11% over the past week, compared to a 15% decline in ether over the same period. Analysts expect volatility to remain elevated given the regulatory headwinds. Exchange tokens, especially those with a large share of …

Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated Read More »