Day: January 31, 2022

This is really bad news for Ethereum but great news for Solana

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On crypto news daily, we’ve got some bad news for Ethereum as a significant price drop may be incoming. The largest ETH holders are busy looking for higher yields, and many are dumping their tokens. The biggest problem for Ethereum is that it’s been so darn slow to upgrade to ETH 2.0. That’s led a lot of investors to look for greener pastures. Bitcoin and Solana got some big news from Bank of America and Fidelity. Bitcoin miners are in it for…

Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows – Bitcoin News

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Global investment bank Goldman Sachs has warned that bitcoin is increasingly vulnerable to the Federal Reserve’s rate hikes as the cryptocurrency grows more widely adopted. “Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets has picked up,” the Goldman analysts explained. Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes Global investment bank Goldman Sachs published a research note Thursday detailing bitcoin’s increased vulnerability to the Federal Reserve hiking interest rates. Zach Pandl, bank’s co-head of foreign exchange strategy, and FX…