Tag: Report

There were vast discrepancies in crypto markets during Q3: Report

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According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2. While in the past, crypto bear markets have largely decoupled from stock performance, coins and tokens almost traded in exact tandem with the U.S. S&P500 index in Q3. The correlation coefficient, which ranges between 0 and 1, for the performance of the S&P500…

New Fidelity report flags ‘stark contrast’ between Bitcoin and fiat currencies

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Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Bitcoin “does not correspond to another person’s liability:” Report While hardly a stranger to bullish takes on Bitcoin, Fidelity continues to publicly reiterate its faith in the largest cryptocurrency despite the near year-long bear market. In the report, analysts stated just how far…

Bitcoin, venture capital and security tokens flash green: Report

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The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However, Bitcoin (BTC) may have seen a decoupling, having only dropped 3% during this same period.  For some, these are signs of a bottom for Bitcoin, but it does not necessarily mean an immediate reversal is…

When will the crypto bear market end? Watch The Market Report

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On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets. To kick things off, we break down the latest news in the markets this week: Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks A relief bounce on risk assets looks in store after Empire State Manufacturing Index numbers for October fall far short of expectations. The numbers fell to -9.1 for October, heavily below…

SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report

The Singapore-based Three Arrows filed for bankruptcy in July, saying its business had “collapsed in the wake of extreme fluctuations in cryptocurrency markets.” In particular, the hedge fund suffered huge losses stemming from the collapse of the TerraUSD algorithmic stablecoin in May. At the end of June, the Monetary Authority of Singapore (MAS) reprimanded Three Arrows Capital for misleading it with allegedly false information. Source

Bitcoin Bear Market Not Turning Bullish Anytime Soon: Report

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The current crypto winter has left bearish sentiments on Bitcoin and other crypto assets in the market. As a result, several, if not all, assets’ values are on their way to the bottom, leaving massive losses for retail and institutional crypto investors. Experts have released several speculating analyses regarding the ongoing bear market, including the condition of Bitcoin and possible future expectations. Bitcoin price remains at the $19k level, never exceeding $24k in the past months. Following the ongoing price trend, a prolonged decline is possible. Reason One: Lack Of…