Bitcoin, the reigning titan of the cryptocurrency market, finds itself in an unusual position as it lags behind lesser-known digital currencies in recent price gains. And on Wall Street, stocks remain resilient despite the economic rollercoaster.
Bitcoin is underperforming smaller, less well-known digital currencies following the market bellwether's spectacular recent gain.
On Friday, Cardano surged 30%, Solana saw a gain of around 8%, and Avalanche rose 12%.
Ether was down roughly 1%, while Bitcoin was up about 2%. The combined value of the two biggest tokens in cryptocurrency is around $1.6 trillion.
All eyes on the Fed ahead of Wednesday's monetary policy announcement.
S&P 500's gains of over 35% year-to-date have prompted warnings of an overbought market. Also, why Japanese stocks went down to their worst level since October 4th.
The S&P 500 set its fifteenth record of the year with a rise above 5,100 on Friday but paused near those highs on Monday. Also, what to look out for in the week ahead.
As investors prepared for a busy data week, US stocks paused after their all-time highs last week.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
