Bitcoin Prices Rally. A Key ‘Correlation’ Is Now in Crypto’s Favor.

Bitcoin Prices Rally.  A Key 'Correlation' Is Now in Crypto's Favor.

Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have consolidated above a key level as most cryptocurrencies rose on Thursday, helped along by slow but steady gains in the stock market. The price of Bitcoin rose 2% over the past 24 hours to above $20,500, having reclaimed the $20,000 mark on Wednesday … Read more

Crypto hedge fund Three Arrows files for US bankruptcy

Crypto hedge fund Three Arrows files for US bankruptcy

Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the US Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows Capital is one of the biggest casualties of the latest so-called “crypto winter”. The digital asset ecosystem has been hit by … Read more

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Ethereum could 'take over everything', and there won't be a multi-chain future, says EY's blockchain leader

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more