Markets
Bitcoin Isn’t Trading as a Currency but as a Speculative Asset: Morgan Stanley
The cryptocurrency isn’t isolated from the traditional banking system, and its price is supported by U.S. dollar liquidity, the report said.
Bitcoin, Ether Volatility Stuns Bears and Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis
Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.
Bitcoin Gains Early, Fades Late to Trade Below $25K
BTC had surged to a 9-month high above $26,500 after the latest inflation data before retreating.
Crypto Investors Are Left Guessing the Fed’s Next Move
The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.
FIL Jumps 14% as Traders Await Filecoin Virtual Machine Upgrade
The token was recently trading at $7.22 ahead of an upgrade that will introduce several new features to the Filecoin network.
First Mover Americas: Bitcoin Hits 9-Month High
The latest price moves in crypto markets in context for March 14, 2023.
Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility
Traders seek options to hedge against market volatility as U.S. bank failures triggered sharp repricing of interest rate expectations.
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
USDC depegged over the weekend to 87 cents, and a Buterin-labelled wallet bought on the dip.
Bitcoin Nears $25K as Interbank Funding Stress Indicator Surges to Highest Level Since COVID Crash
Banking sector stress strengthens the case for the Federal Reserve to pause its campaign of raising interest rates next week.
Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months
The largest cryptocurrency was trading at just over $24,700 during the Asian morning hours on Tuesday.
