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Investors Flock to US Money Market Funds Amid Banking Crisis
Amid banking crisis fears, investors have poured $286 billion into US money market funds in March, with Goldman Sachs, JPMorgan Chase, and Fidelity among the biggest winners. These funds are offering high liquidity and low risk, making them popular during uncertain times.
Former Goldman Sachs Staff Launch DeFi Platform Ondo with $4M Funding Round
Two former Goldman Sachs staff have developed a new DeFi protocol Ondo to enhance how users interact with DeFi products, which has raised $4 million through an equity funding round.
Crypto Wallets Holding more than 1,000 Bitcoins Hit an All-Time High
New data by Glassnode reveals that the number of BTC addresses holding at least 1,000 coins has broken the record at 2,305.
Morgan Stanley Chose This Year’s Best Safe Haven Asset—It’s Not Bitcoin
The Morgan Stanley analysts said that although the Japanese yen and the Swiss franc remain safe havens, their dynamics are shifting.
US Stocks, Oil, and Bitcoin Price Plunge, Hinting Second Wave of Coronavirus Cases
Stocks, oil, and Bitcoin price have been plunging, as the market has been concerned about a possible second wave of coronavirus cases as lockdowns have been easing in certain states in the US.
Could Stock Market Turbulence and US Elections Send Bitcoin Crashing Down?
Bitcoin has plunged from highs of more than $11K to lows of $10,400, and analysts have looked at US stock markets to explain the cryptocurrency’s price dip.
Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary
President-elect Joe Biden is considering Gary Gensler, the former Commodity Futures Trading Commission chairman, to become Deputy Treasury Secretary.
Peter Schiff Criticizes Investors who Succeeded in Getting Wall Street to Buy into the Bitcoin Mania
Peter Schiff has yet again expressed his disappointment at BTC proponents that has stirred increased Wall Street participation in crypto.
Bitcoin Will Be the Best Performing Asset in Two Years by a Big Margin, says Wall Street Veteran
Wall Street veteran and CEO of Real Vision believes that Bitcoin will be the best performing asset in the next two years. Although Bitcoin’s price has struggled to stay above $12,000 twice this month, he thinks that the world’s first cryptocurrency could rally to $100,000 soon, even mentioning the $1 million threshold.
Bitcoin Price to Reach $1 Million in 2025, Raoul Pal Adds One More Zero to His BTC Prediction
Raoul Pal, the CEO of Real Vision Group, and a wall street veteran believes that Bitcoin could hit $1 million by 2025, according to his model.
Bitcoin Price and the Stock Market to Decouple Soon, says On-Chain Analyst
Bitcoin’s price action with the stock market, including the S&P 500 has been highly correlated, however, the end could be near.
Square Invests another $170 Million in Bitcoin as Wave of Institutional Support Floods Crypto
Square has optimized on the temporary Bitcoin dip and scooped up more of the digital asset, buying approximately 3,318 Bitcoins when the cryptocurrency’s price was trading around $50,000.