“After the exuberance of the last few years, we’ve seen a large flight to quality, both in terms of providers and assets,” said Dan O’Prey, Chief Product Officer of Bakkt in a note to CoinDesk. “Bitcoin, being the most decentralized and secure asset, has also benefited from flows from the riskier, long-tail coins.’
Related posts
-
Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?
On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a... -
Crypto Market Little Changed as U.S. Votes
Bitcoin is little changed, having recovered from a dip below $68,000. Aside from today’s U.S. presidential... -
Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1...