S&P 500 has added crypto's $2 trillion market cap this month. Bitcoin is not impressed. Here's why
The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.
Coins in this story
Discussion
Related stories
Bitcoin price breaking out toward $69,000 now opens a turbo path toward $84,000
A Bitcoin breakout attempt briefly pushed price above $65,000 on Aug. 5, but failed to sustain the move, even as Fed funds futures put the odds of a September rate hike at 57.4% as of Aug. 5, down from 80.5% a week earlier. Brent crude fell more than 5% on Aug. 4, settling near $79 […] The post Bitcoin price breaking…
NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
Live updates: Coinbase lets UK users trade U.S. equities. BTC trades near $65,000
Trump’s comments on jobs, inflation and a possible Strait of Hormuz deal have helped risk sentiment, but bitcoin’s next move depends on whether lower oil actually pulls Treasury yields and the dollar down.