"Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasurys, as investors continue to position for an accelerated tightening timeline. The market is now pricing in at least [four] rate hikes this year, with the probability of a [fifth] ticking up this week. While a lot of headlines have focused on nominal yields, it’s the recent spike in real … [Read more...] about Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
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Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout
Cryptocurrency stocks were also falling amid a broader stock market rout, with technology shares bearing the brunt of the recent downtrend. The tech-heavy equity index Nasdaq has fallen 5% this week and was down 1% on Friday. The index fell through some key technical support levels, including the 200-day moving average, for the first time since April 2020, Craig Erlam, senior … [Read more...] about Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout
Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem
Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, believes the contribution of central banks digital currencies (CBDCs) will be broadly positive to the crypto world, but warns issuers against isolating them from the broader ecosystem. Source link … [Read more...] about Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem