Market Outlook

CoinDesk's Noelle Acheson points out the real narrative shift is in the broader market, not bitcoin.

“I don’t think any asset is safe right now – except cash, U.S. dollars.”

Bitcoin has quickly plunged to two-month lows, with some analysts suggesting an over-$100 million liquidation by PlusToken scammers as the cause.

As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress.

With big banks still mostly eschewing the 11-year-old digital-asset industry, a new breed of lenders is stepping into the void to meet the demand. Enter BitGo.

Bitcoin is often lumped in risky assets like growth stocks, high yield debt, high beta ETFs, venture capital, and emerging markets. In fact, it has many hallmarks of a safe haven in a crisis.

The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy.

The Reserve Bank of Australia announced it would be cutting the cash rate by 25 basis points to 0.50 percent, its lowest on record according to recent figures.

Alameda Research, a crypto quant trading firm which shares it CEO with derivatives exchange FTX, has invested seven figures into new rival Folkvang.

Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.

The exchange's membership of Japan's self-regulatory organization for cryptocurrency firms indicates Coinbase still plans to launch services in the nation.

Bitcoin is unlikely to get bid up after the May 2020 mining reward halving, based on the way the cryptocurrency’s options are valued.