Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

Fidelity’s Jurrien Timmer says Bitcoin’s rally back to six-figure territory strengthens its store-of-value status, making it comparable to investing in gold. Key takeaways: Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role. Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty….

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Crypto.com and Canary Capital to launch US CRO fund

Crypto.com and Canary Capital to launch US CRO fund

It’s the first US-regulated investment fund holding the Cronos chain’s native token, CRO. Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a…

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Bitcoin ignores Moody’s US debt downgrade, rallies back to 5K after profit-taking sell-off

Bitcoin ignores Moody’s US debt downgrade, rallies back to $105K after profit-taking sell-off

Bitcoin’s sharp sell-off from $107,000 was the result of profit taking, not contagion from Moody’s recent downgrade of US debt. Key takeaways: Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt. Moody’s downgraded the US credit rating to…

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Who’s got the charm, cash and code to be a crypto hub?

Who’s got the charm, cash and code to be a crypto hub?

Several countries have announced multibillion-dollar plans to build out the world’s crypto hub, but five of the world’s financial centers stand out. Kazakhstan, the Maldives and Pakistan have recently outlined ambitions to position themselves as crypto hubs and build out their digital economies. Historically, these countries haven’t been top of mind for global crypto firms…

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Why is Ethereum (ETH) price down today?

Why is Ethereum (ETH) price down today?

Ethereum price is down today after it dropped below a key support zone, but multiple analysts remain optimistic about Ether’s upside. Ether’s price fell over 5% to $2,380 on May 19, mirroring similar downward moves across the wider cryptocurrency market. Long liquidations accompanied ETH’s price drop. Below $2,400 could be a buy-the-dip opportunity. Read more…

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