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Bitcoin News Roundup for May 29, 2020
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
Updated Dec 11, 2022, 7:28 p.m. Published May 29, 2020, 4:20 p.m.
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
STORY CONTINUES BELOW
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
Bitcoin Rally Falters as Stocks Drop Ahead of Trump's China Speech
Bitcoin's bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.
Twetch Gets Suspended From Twitter in Wake of Trump 'Fact-Check' Storm
The Twitter account of BSV-based social media platform Twetch was suspended Thursday without warning, said Twetch co-founder Josh Petty.
'Passwordless Login' Startup Magic Raises $4M From Naval Ravikant, Placeholder
Ethereum startup Magic just raised $4 million from investors like Naval Ravikant, SV Angel, Placeholder and Volt Capital to make passwords less of a pain.
US Court Freezes Assets Linked to Alleged $9M ICO Scam
A federal court has frozen assets raised from investors in the Meta 1 Coin token sale in this increasingly bizarre ICO story.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In
FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digital asset treasuries quietly resuming bitcoin accumulation in a range-bound market.
What to know:
- Bitcoin traded near $89,000 as liquidity thinned and demand faded following a recent Fed rate cut.
- Market caution persists with BTC and ETH retracing gains, while altcoins remain under pressure.
- Gold maintains near-record highs due to rate cuts and central bank demand, while Asian markets opened lower amid cautious investor sentiment.
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