Institutional Investors Seek Safe Haven In Crypto Products Amid Market Uncertainty

institutional-investors-seek-safe-haven-in-crypto-products-amid-market-uncertainty

Institutional investors have been a big part of the crypto market ever since they started investing in the market. Just like every other investors, institutional investors are not immune from the wild price fluctuations that characterizes the crypto market. This has resulted in big money looking for safe havens to move their money into while … Read more

Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

investors-may-expect-downside-for-bitcoin-and-ethereum-market-for-the-next-3-months

The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series … Read more

Bitcoin Price Could Fall To $8,000, Says Guggenheim CIO

bitcoin-price-could-fall-to-$8,000,-says-guggenheim-cio

Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below. Scott Minerd, Chief officer at Guggenheim Partners, a global investment and advisory firm handling $325 billion under its management, speculated that the Bitcoin price … Read more

Ray Dalio Still Holds ‘Tiny Percentage’ of Portfolio in Bitcoin

ray-dalio-still-holds-‘tiny-percentage’-of-portfolio-in-bitcoin

Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets. Cash is Still Trash In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is … Read more

Investors Shouldn’t Abandon Crypto Because of Terra’s Collapse, Says IMF’s Managing Director

investors-shouldn’t-abandon-crypto-because-of-terra’s-collapse,-says-imf’s-managing-director

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the … Read more

Stripe To Enable Millions of Merchants To Convert Payments Into Bitcoin via OpenNode

stripe-to-enable-millions-of-merchants-to-convert-payments-into-bitcoin-via-opennode

Stripe, a global payment processor, has partnered with OpenNode enabling businesses to convert fiat payments into bitcoin. Stripe, one of the largest payment processors in the world, just announced businesses will be able to convert any amount of payments into bitcoin. The functionality comes through a partnership with Bitcoin Lightning Network infrastructure provider, OpenNode, through … Read more

The Giving Block Launches First-Ever Bitcoin, Crypto Donations Fund For Miami Nonprofits

the-giving-block-launches-first-ever-bitcoin,-crypto-donations-fund-for-miami-nonprofits

The Giving Block and Shift4 have partnered for a Caring With Crypto nonprofit donation campaign to support Miami-based nonprofits. The Giving Block is partnering with Shift4 for a nonprofit donation campaign with the Miami Impact Index Fund. The campaign is called Caring With Crypto, and the CEO of Shift 4 will be personally matching the … Read more

Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over

bitcoin,-ethereum-exchange-inflows-suggest-sell-offs-are-far-from-over

Bitcoin and Ethereum have been at the forefront of market sell-offs that were triggered by the UST crash. Since then, sellers have continued to dominate the market and even with buyers making significant moves, it continues to be a seller’s market. The hope had been that a reversal in this trend would be witnessed with … Read more

Survey: Companies Accepting Bitcoin, Crypto Have Positive Impact On Their Image

survey:-companies-accepting-bitcoin,-crypto-have-positive-impact-on-their-image

A survey from CoinsPaid saw respondents from Argentina, Brazil and Colombia positively view bitcoin as the future of money amid high inflation levels. CoinsPaid recently surveyed respondents from Brazil, Argentina, and Colombia on their outlook of companies accepting bitcoin and cryptocurrencies. Over 50% of Brazilians, 38% of Argentinians, and 35% of Colombians view currencies like … Read more

Bloodbath: Half of Top 30 Cryptocurrencies 80% Below ATH

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As BTC gets rejected from $30,000 and ETH slides below $2,000, the broader crypto market is deep in the red zone. As of now, half of the top 30 cryptocurrencies are 80% (or more) down from ATHs. Altcoins in Bloodbath After major cryptocurrencies hit ATHs last November, with Bitcoin touching the $69,000 level at one … Read more