Cryptocurrencies continued to rally over the past week as the macroeconomic background worsened.
— was followed by further positive price movement.Crypto is in a 'bizarre no-man’s-land'its view of the market on Tuesday, saying that digital assets were in a “bizarre no-man's-land" following liquidations in June and impending macroeconomic and crypto-fundamental catalysts coming down the line.
Cumberland's head of trading, Jonah Van Bourg, concluded his thread by saying that “when the macro fog dissipates, capital will pile quickly into the best new trades that emerge. We continue to believe that digital assets will be among the most exciting of these emergent theses.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Biz: Elon Musk: The ultimate crypto touristSome people think of Elon Musk as some kind of crypto pioneer, but forgeforth_ believes otherwise.
Read more »
Schwab Asset Management to List Crypto ETF on New York Stock Exchange.CharlesSchwab is set to introduce its first crypto-related ETF, which will track performance of companies that may benefit from the digital asset industry. Reporting by oknightcrypto.
Read more »
IMF Official on Crypto Sell-Off and ‘Gloomy’ EconomyCrypto market collapses aren’t a worry for global financial stability, the International Monetary Fund (IMF) said Tuesday in a report that nonetheless raised grave concerns about the global economy. Antonio Garcia Pascual, IMF Global Market Analysis Division deputy chief, joins “First Mover” with more details on the report and an outlook on the turbulent crypto market amid the 'gloomy' economy. Plus, insights on the risks behind adoption of bitcoin as legal tender.
Read more »
Schwab set to launch its first crypto-linked ETFInvestment brokerage Charles Schwab is set to launch its first crypto-related ETF next week.
Read more »
Crumbling Tower of 'Babel' Traded $280 Million of Users’ Crypto, Lost It AllThe crypto lending platform temporarily suspended withdrawals in June, but reports say it suffered big losses trading customer’s funds.
Read more »
Crypto company failures not covered by federal insurance, FDIC saysFederal Deposit Insurance Corporation insurance does not apply to crypto company failures, the agency said.
Read more »