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Bitcoin still underperforming stocks since early August deleveraging event: Coinbase

Bitcoin has underperformed U.S. stocks following market declines in August, affected by a lack of narrative, ETF flows, and a strong dollar impacting crypto performance.

theblock.co • 30/08/2024 - 15:03 PM

AI crypto tokens tumble despite Nvidia shares gaining ahead of earnings

AI cryptocurrencies decline while Nvidia gains pre-earnings; major tokens drop significantly, reflecting a broader market trend amid anticipation for Nvidia's influential earnings report.

theblock.co • 28/08/2024 - 10:30 AM

Bitcoin spikes up as Fed says 'time for policy adjustment' at Jackson Hole

Bitcoin's price surged over $61,000 following Fed Chair Powell's remarks on inflation and potential interest rate reductions, with a significant market response across cryptocurrencies and stocks.

theblock.co • 23/08/2024 - 14:54 PM

Franklin Templeton brings its tokenized money market fund to Avalanche

Franklin Templeton expands its tokenized money market fund to the Avalanche network, allowing access to a $420 million fund for institutional and retail investors.

theblock.co • 22/08/2024 - 13:00 PM

QCP Capital says risk-on sentiment could boost bitcoin prices amid high demand for upside calls

QCP Capital highlights improving investor sentiment for Bitcoin amid risk-on market conditions while caution arises from potential volatility around U.S. elections.

theblock.co • 20/08/2024 - 13:19 PM

Increased spot bitcoin ETF inflows from institutional investors is a 'promising' indicator: Coinbase

Coinbase's report indicates rising institutional interest in bitcoin ETFs, with significant inflows from investment advisors, suggesting a growing adoption of bitcoin as an investment.

theblock.co • 16/08/2024 - 16:42 PM

Gold outperforming bitcoin as AI 'bubble' and geopolitical risks drive investors toward safe havens

Investors are shifting to gold as AI-related tech stocks decline and geopolitical tensions rise, notes Outlier Ventures Head of Research Jasper De Maere. Gold nears an all-time high, significantly outperforming Bitcoin amid market uncertainty. Bitcoin struggles as a hedge, trading more like tech stocks than a safe asset.

theblock.co • 12/08/2024 - 15:03 PM