Bloomberg Archive

The long-awaited launch of a Bitcoin exchange-traded fund could finally arrive on Monday.

BTC price surged toward $55,000 on Wednesday even as traditional risk assets such as stocks tumbled and the dollar rose.

The declaration appears as Bitcoin pops back above $50,000, with its addition in a Gold-Bond portfolio outperforming the S&P 500 index.

Following a massive correction, digital assets led by Bitcoin and Ethereum are on track for new highs, according to a new report from Bloomberg.

Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting.

According to Bloomberg, the nine DeFi assets selected for the index at launch were based on “institutional trading and custody readiness” in the United States.

“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at …

The 50-week simple moving average earlier offered incredible support for Bitcoin’s long-term bullish bias, but bears convincingly took it during the June 19 sell-off.

This week’s price dip showed that cryptocurrency has “entered the mainstream,” says analyst Mike McGlone, and the future is likely “tilted in its favor.”

Apparently r/Wallstreetbets doesn’t “bow to cryptocurrencies.”

With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence.

Technical and fundamental support for Bitcoin is growing — possibly at the expense of gold.