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“# Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases ” Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD…
“# Boomer brand changes NYSE ticker from ‘ETH’, acknowledging crypto’s ascendancy ” Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE) listed company changing its ticker to avoid confusion with Ethereum. Home decor and furniture chain Ethan Allen — which has more than…
“# More Brits bought crypto than shares last year new survey suggests ” A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments. UK investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year,…
“# MicroStrategy stock slides after announcing new $400M debt raise to buy Bitcoin ” A lackluster balance sheet, excessive debt load, and over-leveraged exposure to Bitcoin (BTC) have crashed MicroStrategy (MSTR) stock by more than 63% since February 2021 already. Nevertheless, the business intelligence company has ignored the risks of its frothy valuations; it now…