Call toll-free 800.328.1267
After more than a year of weakness, cryptocurrencies may be attempting a comeback.
Bitcoin (@BTC) and Ethereum (ETHUSD) have gained more than 10 percent so far this month. At least two catalysts may explain the moves.
First, the Nasdaq Stock Market launched indexes tracking Bitcoin and Ethereum on February 11. That’s raising hopes of wider-ranging investment vehicles like exchange-traded funds (ETFs) eventually coming to market. The U.S. Securities and Exchange Commission has mostly resisted such measures so far. But does Nasdaq, the world’s No. 2 stock exchange, have the influence to push it through?
Second, JPMorgan Chase (JPM) has launched its own cryptocurrency known as “JPM Coin.” That’s a big announcement, coming from the top U.S. bank. It’s also interesting because CEO Jamie Dimon — who once presided over the New York Federal Reserve — once openly criticized cryptos. Does his acceptance signify a broader shift by the financial universe?
In conclusion, cryptocurrencies began to stabilize in late 2018. Now they’re trying to claw higher as news cycle seems to get a little more positive.
Bitcoin has existed as a digital asset for 15 years. This week, it took a big step toward mainstream finance when the first exchange-traded products launched in the United States. The U.S. Securities and Exchange Commission (SEC) approved 11 exchange-traded funds...
Cryptocurrencies like Bitcoin tumbled in the last year as the Federal Reserve hiked interest rates, but now spirits could be improving. The Crypto Fear & Greed Index, which includes factors like Volatility and Momentum, hit 61 on Monday. It was the highest reading...
Cryptocurrencies have been sitting quietly for most of the year as investors digest potential positives like Ethereum's pending upgrade and more institutional adoption. Bitcoin and Ethereum, the two biggest digital assets, are little changed since the first week of...