The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.
Coindesk
As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency’s Long-Term Prospects Even Among Conservative Pros
Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment. But who was buying them and why have inflows stalled in recent weeks? Was it a fad that fizzled?
Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.
Telegram-Based Notcoin Debuts at $1B FDV on Ton Blockchain
Notcoin, a gaming token that has more than 35 million users, has began trading at a $TKTK fully diluted value (FDV), according to TradingView.
Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
Protocol Village: Lita Releases ‘Valida ZkEVM,’ Claims Speed, Efficiency Advantages
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.
First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom
The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
India’s Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.
Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases
One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.