Black Thursday

The economy is on thin ice and jobless claims are still outrageously high, yet the stock market continues its V-shaped recovery and powerful rally. However, one chief investment officer claims that a stock market day of reckoning is coming – one that could also cause another sharp collapse in Bitcoin.If…

President Donald Trump ordered Treasury Secretary Steve Mnuchin to focus on a clampdown on bitcoin over negotiating a trade with China, former national security adviser John Bolton reportedly claims.In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: “Don’t be a trade negotiator,” ordering him…

Jun 15, 2020 at 20:32 UTCSource: CoinDesk Bitcoin Price IndexMarket Wrap: Bitcoin Drops, Then Pops as Traders See Weaker Markets ComingBitcoin took a hit Monday, only to recover as many market participants see price weakness ahead. Bitcoin (BTC) was trading around $9,426 as of 20:00 UTC (4 p.m. ET), gaining…

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LONDON (Reuters) - Britain’s economy shrank by a quarter over March and April as entire sectors were shuttered by the coronavirus lockdown in what looks likely to be the bottom of a “catastrophic” crash before a long and slow recovery.Dwarfing previous downturns, the economy contracted by 20.4% in April from…

There was something of a twist in last week’s monthly jobs report: In May, the unemployment rate in the U.S. had seemingly declined by a few percentage points, hinting at the start of an economic recovery. The president was overjoyed by the news. “A rocket ship,” he called the purported…

The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. 6194 Total views 219 Total shares Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture.As of this writing, the…

A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. 5902 Total views 69 Total shares A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.While 36% of…

Bitcoin is maturing as an asset. After years of hope from the crypto community, institutional investors are finally taking notice.Adding credence to this growing trend, CME Bitcoin Futures’ open interest is “fast approaching” that of the long-time crypto industry leader, BitMEX.Black Thursday Selloff Has Left BitMEX For DeadAt the start…

Jun 9, 2020 at 11:36 UTCUpdated Jun 9, 2020 at 13:54 UTCCredit: Shutterstock/Svetlana123Bitcoin’s price undulations became the calmest in three months on Tuesday, as volatility revisited levels last seen ahead of the “Black Thursday” crash on March 12. The leading cryptocurrency’s 30-day volatility has now fallen to 40%, the lowest…