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Bitcoin News Roundup for May 8, 2020
Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:50 p.m. Published May 8, 2020, 4:00 p.m.
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Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's stories:
Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes
One of Bitcoin's Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
First Mover: Search Interest in Bitcoin's Halving Reaches Fever Pitch as Price Hits $10K
'Massive Adoption' Conference Organizer Sued After Refund Delays
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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Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
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- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
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