JPMorgan flags Bitcoin resilience as metals slide
Bitcoin has held steady while gold and silver prices declined sharply due to ETF outflows, weakening liquidity and investor profit-taking, according to JPMorgan.
Bitcoin has held steady while gold and silver prices declined sharply due to ETF outflows, weakening liquidity and investor profit-taking, according to JPMorgan.
Bitcoin fell below $69,000, dropping more than 3% as fading hopes of Middle East de-escalation and rising oil prices weighed on global risk sentiment.
Wall Street firms are unlikely to adopt fully transparent public blockchains, with DRW CEO Don Wilson arguing that open ledgers conflict with how institutions manage risk and execute trades.
Strategy’s STRC preferred equity rebounded to its $100 par value in nine trading days after going ex-dividend, slightly faster than its historical recovery pace.
OKX said it will not rush into an initial public offering, emphasising it will only list when it can deliver consistent long-term shareholder value.
Nasdaq’s push into tokenisation could split equity trading into parallel markets, with traditional exchanges operating alongside blockchain-based platforms, according to TD Securities.
A US lawmaker has warned that the Securities and Exchange Commission is no longer acting as a strong enforcement authority on crypto under President Donald Trump’s administration.
U.S. Representative Maxine Waters has questioned the approval of a Federal Reserve account granted to crypto exchange Kraken, raising concerns over its legal basis and consumer protections.
Bitcoin edged higher after U.S. President Donald Trump extended a pause on attacks against Iran’s energy infrastructure, helping stabilise markets following a broad sell-off.
The debate over whether Bitcoin can replace gold as a safe-haven asset has resurfaced during the Iran conflict, but analysts warn it is too early to draw conclusions.
Bitcoin slipped to around $68,900 on March 26, falling roughly 3% in 24 hours as President Donald Trump’s 10-day pause on Iran strikes prolonged market uncertainty rather than calming investors.
Federal Reserve Governor Stephen Miran says the Fed can shrink its balance sheet meaningfully from current levels but cautioned the process would likely take years and require several steps. He speaks during an event at the Economic Club of Miami.
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