In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses. QCP Researchers Analyze Crypto Market […] Original
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BitcoinOS addresses the limitations of Bitcoin’s original design, bringing it closer to fulfilling its broader potential in the crypto ecosystem. Ultimately, BitcoinOS allows for scalable, composable functionality while maintaining Bitcoin’s fundamental architecture, ensuring that the protocol remains true to its roots as a sovereign, peer-to-peer digital currency. Edan Yago is CEO and Co-founder of BitcoinOS, […] Source CryptoX Portal
Este artículo también está disponible en español. The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets. Bitcoin was not immune with a notable -4% drop. Market participants, who had anticipated a strong bullish trend for the month dubbed “Uptober,” were forced to reassess as broader market sentiment turned risk-off. However, the reaction to the geopolitical news may be overblown, according to several…
Franklin’s latest addition is due to Aptos’ unique characteristics which also meet the asset manager’s rigorous suitability standards for its Benji platform, the firm’s blockchain-integrated recordkeeping system, said Roger Bayston, head of digital assets at Franklin Templeton. One Benji token represents one share of the fund. Source
Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […] Original
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Some observers have noted the differing performances of bitcoin and gold as a measurement of the two assets’ respective maturities. Gold, traditionally seen as a risk-off asset, gained 0.8% in the aftermath of Iran’s attack on Israel while BTC lost 4%, despite often being referred to as a form of digital gold. “Gold is a much more mature asset, with a 5,000 year history as a store of value, so there’s not much room left for incremental network effects,” Presto Research said. “BTC [has] only a 15-year history. This means…
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Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Missiles fly, Bitcoin steady A year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently at the UN General Assembly, celebrating what appeared to be growing peace in the Middle East. However, today, the landscape looks drastically different. The ongoing war in Gaza is nearing its one-year mark, but the conflict has expanded beyond the region. With Iran now involved, tensions between Israel and Hezbollah…