• Bitcoin prices dropped to nearly $27,200 on Thursday before making a partial recovery. • The crypto market in its entirety currently has a market cap of $1.2 trillion, representing a decline of 2.7% over the past 24 hours. • Various events in the crypto sector as well as news from traditional markets may be […]
• Silicon Valley Bank’s parent company, SVB Financial Group, has filed for bankruptcy protection. • The reorganization process aims to preserve company value and explore strategic alternatives with a board-appointed restructuring team. • Customers will be able to access the insured portion of their funds via the Federal Deposit Insurance Corporation while Biden administration and […]
Cathie Wood Remains Bullish on Cryptocurrencies Cathie Wood, the CEO of ARK Invest, recently spoke about her bullishness on Bitcoin and other cryptocurrencies at Lyceum Miami. Wood believes that Bitcoin is a hedge against inflation and has potential to diversify institutional portfolios. Wood also discussed some of the risks associated with cryptocurrency investments including regulatory […]
• Bitcoin short-term holders realized price is above realized price for first time since 2019. • The same event occurred in the 2015 bear market on Nov. 3, 2015, where STH realized price exceeded the realized price. • Currently, STH realized price is at $19,892 and could signal a potential end to the bear market. […]