Crypto is down, but don’t write it off

Updated June 24, 2022 9:27 pm ET / Original June 24, 2022 9:15 pm ET request reprints print article text size This commentary was recently published by money managers, research firms and market newsletter writers and has been edited by Barron’s. Crypto Endgame is nowhere near Paulsen’s perspective The Leuthold GroupJune 24: Cryptocurrencies have long …

Read more

Coinbase is launching crypto derivatives. What it means for stocks.

text size Coinbase offers a “Nano” Bitcoin futures contract priced at 1/100th of Bitcoin, the equivalent of about $210 on Friday morning. dream time base of coins Global says it will launch a Bitcoin derivative on Monday. Stock investors shouldn’t expect a windfall, even though such products account for the vast majority of cryptocurrency trading. …

Read more

Crypto Style: Fashion Moves to the Metaverse

For fashion fans and everyone else, 2022 will be remembered as the year the metaverse went mainstream. Ever since Mark Zuckerberg announced last October the corporate name change from Facebook to Meta, the writing was on the wall. A virtual wall, of course. Soon after, all the signs of a cultural inflection point appeared: the …

Read more

Cryptocurrency’s ‘Structural Flaws’ Make It an Unsuitable Monetary System, BIS Report Says

Cryptocurrencies and the broader decentralized finance ecosystem have “deeper structural constraints” that prevent it from becoming a robust monetary system. That’s according to the Bank for International Settlements, which also said there is a deep divide between the goals and the reality of DeFi. Ahead of the release of its full annual economic report on …

Read more

Bankers Who Quit Over Crypto Have No Regrets Amid Crash: ‘I Never Looked Back, Not One Day’

Bankers who abandoned conventional finance to capitalize on the rise of digital assets have been greeted with a new “crypto winter.” Former staff at JPMorgan, Goldman Sachs, and Citigroup have been among those affected as cryptocurrency exchange Coinbase cut 1,100 positions and terminated 300 job postings, while Gemini, Crypto.com, and BlockFi also scaled back as …

Read more

Global Stocks Gain Ground; crypto establishments

International stocks were broadly higher in the absence of further news on inflation and interest rates, while US markets remained closed for the June 16 public holiday. Stocks and bonds have been hit globally this year. Driving the sell-off is the drive by the Federal Reserve and other central banks to stifle inflation, and concerns …

Read more

Bitcoin Price Rises Above $20,000 After Cryptocurrency Selloff

The bitcoin price dipped below $18,000 on Saturday before bouncing back above $20,000 on Sunday night, a level widely monitored by crypto enthusiasts. Bitcoin was up 10% at $20,571.29 on Sunday night after falling as low as $17,601.58 on Saturday afternoon, according to CoinDesk. The digital currency tumbled below $20,000 on Saturday, sparking fears that …

Read more

Bitcoin falls below $20,000 at Minsky Moment for crypto: “Psychologically for a lot of people, this is irritating”

is bitcoin BTCUSD, +0.48% facing a breaking point? That’s what some investors, acolytes and others, might be contemplating as the cryptocurrency’s decline accelerates over the weekend. The world’s number one digital asset last traded at $18,654, more than 70% below its peak around $65,000, and the broader crypto market to some feels like it’s in …

Read more