“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
-
Senator Lummis wants to replenish Bitcoin reserves with gold
Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances.... -
Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?
Dive into Cipher Mining’s Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades,... -
Bitcoin Funding Rates Surge 20% On Major Exchanges — What’s Happening?
The price of Bitcoin picked up this week from where it left off in the previous...