Crypto News

While bitcoin (BTC) proponents commonly view the largest cryptocurrency as a digital version of gold, a new report from global bank Standard Chartered argued investors should see it more like a tech stock with some extra benefits.Led by Geoff Kendrick, the StanChart team said bitcoin's correlation with the Nasdaq has "almost always" been stronger than with gold, the old-school safe haven asset. While BTC may have a role as a place to hide in instances of financial instability like the 2023 regional banking crisis or what might be the unsustainable U.S. debt trajectory, the report said, the reality is that there's rarely a need for such hedges, thus its increasing behavior as more like a traditional tech stock."Investors can view...

Total assets under management for crypto-based products rose 6.3% from their low point on March 10, CoinShares data shows.Source link

XRP is staging a comeback with a current price of $2.47, representing a 27% drop from its $3.40 all-time high. The cryptocurrency commands a market capitalization of $143 billion and recorded a 24-hour trading volume of $3.13 billion within an intraday price range of $2.39 to $2.50. XRP In the 1-hour chart, XRP demonstrated aSource link

The correction in stocks could be over based on a key technical indicator and that might be good news for bitcoin (BTC), which has also breached similar resistance.Ahead 1.7% on Monday to follow up on last week's gains, the S&P 500 has moved above its 200-day moving average (200 DMA), after correcting as much as 10% in recent months. This 200 DMA is calculated by taking the mean of the closing prices over the past 200 trading days and is often used to assess broader market trends and potential turning points.The S&P 500 last crossed that gauge on March 10, and — though declining a bit shortly after — resumed an uptrend which has continued through today.Bitcoin (BTC) has...

Rather than holding the token as a hedge against economic uncertainty, the DOGE reserve will act as a liquidity pool to help facilitate transactions for global merchants. . Source link