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Bitcoin News Roundup for May 1, 2020
Bitcoin beats the markets while wallet demand rises. It's CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:34 p.m. Published May 1, 2020, 4:00 p.m. 1 min read
Bitcoin beats the markets while wallet demand rises. It's CoinDesk's Markets Daily podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund
Today's stories:
Bitcoin Rises Back to $8.8K Even as US Stock Futures Drop
The 'Great Lockdown' Is Boosting Demand for Bitcoin Custody Solutions
Bitcoin Whale Addresses Hit Highest Number Since August 2019
Andreessen Horowitz Doubles Down on Crypto Investments With New $515M Fund
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The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.
What to know:
- U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
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