Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131 Streets – Cryptocurrencypanther
https://cryptocurrencypanther.com
Latest Crypto NewsThu, 05 Feb 2026 17:37:51 +0000en-US
hourly
1 https://wordpress.org/?v=6.9.4https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.pngStreets – Cryptocurrencypanther
https://cryptocurrencypanther.com
3232Wall Street’s Final Frontier: CME Group to Launch 24/7 Futures for Cardano, Chainlink, and Polkadot – FinancialContent
https://cryptocurrencypanther.com/2026/02/05/wall-streets-final-frontier-cme-group-to-launch-24-7-futures-for-cardano-chainlink-and-polkadot-financialcontent/
https://cryptocurrencypanther.com/2026/02/05/wall-streets-final-frontier-cme-group-to-launch-24-7-futures-for-cardano-chainlink-and-polkadot-financialcontent/#respondThu, 05 Feb 2026 17:37:51 +0000https://cryptocurrencypanther.com/2026/02/05/wall-streets-final-frontier-cme-group-to-launch-24-7-futures-for-cardano-chainlink-and-polkadot-financialcontent/
Source link
]]>https://cryptocurrencypanther.com/2026/02/05/wall-streets-final-frontier-cme-group-to-launch-24-7-futures-for-cardano-chainlink-and-polkadot-financialcontent/feed/0Ethereum To Hit $15,000 As ‘Wall Street’s Chain’: Vivek Raman
https://cryptocurrencypanther.com/2026/01/06/ethereum-to-hit-15000-as-wall-streets-chain-vivek-raman/
https://cryptocurrencypanther.com/2026/01/06/ethereum-to-hit-15000-as-wall-streets-chain-vivek-raman/#respondTue, 06 Jan 2026 16:34:48 +0000https://cryptocurrencypanther.com/2026/01/06/ethereum-to-hit-15000-as-wall-streets-chain-vivek-raman/
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Ethereum could reprice to $15,000 in 2026 as traditional finance accelerates into tokenization, stablecoins, and bespoke Layer 2 blockchains built on Ethereum, according to Vivek Raman, CEO and co-founder of Etherealize.
In a Jan. 5 guest post, Raman framed 2026 as the point where ETH shifts from a decade-long credibility build to a commercial deployment era, arguing that “from 2026 onward – Ethereum will become the best place to do business,” as regulatory posture, institutional precedent, and infrastructure maturity converge.
Institutions Will Tokenize On Ethereum
Raman’s core claim is that tokenization is moving from proof-of-concept into scaled product deployment, with Ethereum increasingly serving as the base layer institutions choose when the assets are high value and the operational requirements are strict. He describes tokenization as a business-process upgrade that collapses assets, data, and payments onto shared infrastructure, and he leaned heavily on the idea that once institutions experience the efficiencies, they will not revert.
“Tokenization upgrades entire business processes by digitizing assets, data, and payments onto the same infrastructure,” Raman wrote. “Assets (like stocks, bonds, real estate) and money will be able to move at the speed of the Internet. This is an obvious upgrade to the financial system that should have happened decades ago; public global blockchains like Ethereum enable this today.”
The post cites examples of institutional tokenization activity on Ethereum, including money market fund initiatives from JPMorgan and Fidelity, BlackRock’s tokenized fund BUIDL, Apollo’s private credit fund ACRED (with liquidity concentrated on Ethereum and its L2s), and European participation such as Amundi tokenizing a euro-denominated money market fund. Raman also pointed to tokenized products from BNY Mellon and a planned tokenized bond fund tied to Baillie Gifford that would span Ethereum and an L2 network.
Stablecoins As The “Green Light” Moment
Raman positioned stablecoins as the clearest product-market fit for onchain finance, citing “$10T+ in stablecoin transfer volumes in 2025” and claiming that “60% of all stablecoins are on Ethereum and its Layer 2 networks.” He argued that regulatory developments in the US have de-risked deployment for institutions, describing the passage of the GENIUS Act in 2025 as the moment public-chain stablecoin rails effectively received formal clearance.
As a near-term datapoint, Raman highlighted SoFi’s reported launch of a bank-issued stablecoin, SoFiUSD, on a “public, permissionless blockchain,” adding that the bank chose Ethereum. He suggested this is the start of a broader wave where investment banks, neobanks, and fintechs explore stablecoin issuance—either solo or via consortium structures—inside a single public-chain ecosystem to maximize network effects.
Layer 2s As The Institutional Business Model
A major part of Raman’s thesis hinges on the idea that institutions will not converge on a single chain, but will converge on a single interconnected network, Ethereum plus its Layer 2 ecosystem. He argued that L2s provide customization by jurisdiction and customer base while inheriting Ethereum’s security and liquidity, and he described L2 economics as unusually attractive for operators, citing “90+% profit margins” as a reason businesses will want their own chains.
Raman listed examples including Coinbase’s Base, Robinhood’s plans for an Ethereum L2 featuring tokenized stocks and other assets, SWIFT’s use of the Ethereum L2 Linea for settlements, JPMorgan deploying tokenized deposits on Base, and Deutsche Bank building a public, permissioned network as an Ethereum L2.
The $15,000 Ethereum Price Target
Raman also argued ETH is emerging as an institutional treasury asset alongside bitcoin, describing BTC as “digital gold” and ETH as “digital oil”, a productive store of value tied to ecosystem economic activity.
He pointed to four public-company “MicroStrategy-equivalents” accumulating ETH: BitMine Immersion (BMNR), Sharplink Gaming (SBET), The Ether Machine (ETHM), and Bit Digital (BTBT) and claimed they have collectively purchased roughly 4.5% of ETH supply in the last six months, comparing that to MicroStrategy’s 3.2% of BTC ownership.
Those dynamics underpin his 2026 “5x” forecast set: tokenized assets rising to nearly $100 billion (from an estimated $18 billion after growing from ~$6 billion in 2025, with “66%…on Ethereum and its L2s”), stablecoin market cap expanding to $1.5 trillion (from $308 billion), and ETH appreciating 5x to $15,000—an implied $2 trillion market cap in his framing.
Featured image created with DALL.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
]]>https://cryptocurrencypanther.com/2026/01/06/ethereum-to-hit-15000-as-wall-streets-chain-vivek-raman/feed/0Cardano Price Prediction: Blood in the Streets as ADA Slides – But This One Signal Could Flip the Trend
https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend/
https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend/#respondWed, 05 Nov 2025 19:26:20 +0000https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend/
The token currently trades near $0.53 after touching a low of $0.48, while the broader crypto market has also crashed.
Trading volume, on the other hand, surged by 13% to $1.8 billion, a sign that volatility is drawing traders back into the market.
With total market capitalization falling to $3.39 trillion and $1.73 billion in liquidations over the past day, according to CoinGlass, the start of this November has been hard on crypto enthusiasts.
However, even as the bloodbath unfolded, the Cardano Foundation marked founder Charles Hoskinson’s birthday, a reminder of how far the project has come since its inception.
Wishing @IOHK_Charles a very happy birthday. Your pioneering work and vision laid the foundation for Cardano’s global reach today. I hope the year ahead brings new opportunities to reconnect and build on the progress that started it all. pic.twitter.com/Bgdq39XX23
Historically, this signal has preceded strong upward reversals for ADA, particularly when accompanied by oversold RSI levels.
ADA Price Analysis: Breakdown or Breakout?
The weekly chart shows that ADA has broken below its descending triangle support, retesting the $0.50 zone.
The next critical support sits between $0.35 and $0.40. Should ADA confirm a breakout above its descending trendline (near $0.80), it could open the path toward a mid-term target of $1.20.
Source: TradingView
Beyond that, the chart suggests a potential macro move that could drive prices as high as $10, representing a staggering 1,800% gain from current levels.
Market Sentiment: Fear Before the Turn
Historically, extreme fear levels often precede local bottoms as weak hands exit and accumulation resumes.
If Cardano’s buy signal holds and volume sustains, the stage could be set for a significant rebound in the coming weeks.
ADA Eyes Return, While $BEST Unlocks the Door to Early Presale Access
As Cardano pushes toward a recovery, Best Wallet ($BEST) is quietly gaining momentum in one of crypto’s fastest-growing sectors – non-custodial wallets.
With over $16.8 million raised in its presale so far, Best Wallet is shaping up to be a serious player in the $11 billion wallet market.
Designed for freedom, security, and speed, it’s a multi-chain wallet that puts users fully in control of their assets – no intermediaries needed.
But what sets it apart is access.
$BEST token holders unlock early entry to vetted crypto presales and new projects before they go mainstream.
They also enjoy lower transaction fees across the ecosystem, plus up to 78% staking yields through Best Wallet’s built-in aggregator.
For anyone looking to get in early on the next cycle’s breakout stars, Best Wallet is quickly becoming a go-to tool.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
]]>https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend/feed/0Cardano Price Prediction: Blood in the Streets as ADA Slides – But This One Signal Could Flip the Trend – Coinspeaker
https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend-coinspeaker/
https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend-coinspeaker/#respondWed, 05 Nov 2025 18:49:52 +0000https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend-coinspeaker/
Source link
]]>https://cryptocurrencypanther.com/2025/11/05/cardano-price-prediction-blood-in-the-streets-as-ada-slides-but-this-one-signal-could-flip-the-trend-coinspeaker/feed/0Wall Street’s CPI Forecast: Expert Examines if Bitcoin Price Can Sustain Triangle Breakout?
https://cryptocurrencypanther.com/2025/09/11/wall-streets-cpi-forecast-expert-examines-if-bitcoin-price-can-sustain-triangle-breakout/
https://cryptocurrencypanther.com/2025/09/11/wall-streets-cpi-forecast-expert-examines-if-bitcoin-price-can-sustain-triangle-breakout/#respondThu, 11 Sep 2025 09:46:47 +0000https://cryptocurrencypanther.com/2025/09/11/wall-streets-cpi-forecast-expert-examines-if-bitcoin-price-can-sustain-triangle-breakout/
The U.S. Bureau of Labor Statistics (BLS) is slated to release the Consumer Price Index (CPI) data for August, one of the most widely followed inflation gauges for the U.S. Federal Reserve. While traders actively await the release of the CPI print, the broader crypto market has already recovered with Bitcoin price holding above the
]]>https://cryptocurrencypanther.com/2025/09/11/wall-streets-cpi-forecast-expert-examines-if-bitcoin-price-can-sustain-triangle-breakout/feed/0Institutional Bitcoin Holdings Barrel Toward 20% Of Supply, Is This Wall Street’s New Playground?
https://cryptocurrencypanther.com/2025/08/16/institutional-bitcoin-holdings-barrel-toward-20-of-supply-is-this-wall-streets-new-playground/
https://cryptocurrencypanther.com/2025/08/16/institutional-bitcoin-holdings-barrel-toward-20-of-supply-is-this-wall-streets-new-playground/#respondSat, 16 Aug 2025 20:33:52 +0000https://cryptocurrencypanther.com/2025/08/16/institutional-bitcoin-holdings-barrel-toward-20-of-supply-is-this-wall-streets-new-playground/
Bitcoin is undergoing a structural transformation, and institutional investors are steadily tightening their grip on the cryptocurrency. As of mid-2025, institutional investors are becoming a dominant force in Bitcoin ownership and are steadily capturing a large portion of its circulating supply.
Institutional Bitcoin Holdings Barrel Toward 20% Of Supply
Recent data shows that institutions, ranging from ETFs to public companies, now control an unprecedented share of Bitcoin, worth hundreds of billions of dollars. Estimates place institutional ownership anywhere between 17 and nearly 31 percent of total supply when also factoring the amount controlled by governments.
Related Reading
According to data from Bitbo, entities such as ETFs, public and private companies, governments, and DeFi protocols collectively hold more than 3.642 million BTC, equal to about 17.344% of the total supply. At today’s prices, that represents roughly $428 billion worth of Bitcoin locked away in institutional treasuries.
ETFs are the largest contributors, with over 1.49 million BTC, while public companies such as Strategy, Tesla, and others account for 935,498 BTC. Strategy’s role is especially noteworthy, as the firm’s relentless accumulation strategy in recent years has seen it amass 628,946 BTC, or about three percent of the entire circulating supply.
Bitbo data shows private companies hold 426,237, worth $50.17 billion, and about 2.03% of the total circulating supply. BTC mining companies own 109,808 BTC (0.523% of the total circulating supply), while DeFi protocols own 267,236 BTC (1.273% of the total circulating supply).
Other reports, including a joint study by Gemini and Glassnode, suggest the numbers could be even higher. Their findings point to centralized treasuries composed of governments, ETFs, corporations, and exchanges controlling up to 30.9% of circulating Bitcoin, which equates to over 6.1 million BTC. This increase represents a 924% surge in institutional control of Bitcoin compared to a decade ago.
Chart Image From Gemini: Bitcoin treasury holdings by entity type
Is Bitcoin The New Wall Street Playground?
Bitcoin’s rise in its early years was based on a mix of enthusiasm from retail investors and long-term conviction from early adopters, but the market’s balance of power is shifting. According to the holding data, Bitcoin is increasingly becoming much less affordable for retail traders and is now becoming a playground for large Wall Street institutions.
BTCUSD currently trading at $117,460. Chart: TradingView
Institutional demand for Bitcoin has not been confined to corporations and ETFs alone. Governments are beginning to make their presence felt, and the United States took the most notable step earlier this year. In March 2025, the US government established a Strategic Bitcoin Reserve filled with seized and forfeited digital assets. Other governments like El Salvador and Bhutan are also accumulating Bitcoin through intentional, ongoing purchases, further tightening the supply in circulation
Related Reading
Some analysts believe this could reduce Bitcoin’s price volatility and support its price growth over the long term. On the other hand, the concentration of Bitcoin among a relatively small number of entities could undermine its decentralization and the natural growth of its price. Either way, the data shows that Bitcoin is now becoming Wall Street’s newest playground.
At the time of writing, Bitcoin was trading at $117,460.
Featured image from Unsplash, chart from TradingView
]]>https://cryptocurrencypanther.com/2025/08/16/institutional-bitcoin-holdings-barrel-toward-20-of-supply-is-this-wall-streets-new-playground/feed/0Coinbase Global Stock Down Over 3% Today after Q3 Earnings Missed Wall Street’s Expectations
https://cryptocurrencypanther.com/2024/11/05/coinbase-global-stock-down-over-3-today-after-q3-earnings-missed-wall-streets-expectations/
https://cryptocurrencypanther.com/2024/11/05/coinbase-global-stock-down-over-3-today-after-q3-earnings-missed-wall-streets-expectations/#respondTue, 05 Nov 2024 12:15:06 +0000https://cryptocurrencypanther.com/2024/11/05/coinbase-global-stock-down-over-3-today-after-q3-earnings-missed-wall-streets-expectations/
Amid the general poor performances from major stock indexes around the world, Coinbase Global Inc (NASDAQ: COIN) has registered bearish sentiment despite the recent Bitcoin BTC $68 847
price surge to an all-time high (ATH). According to the latest market data, COIN stock closed Wednesday trading at $211.74, down 3.61 percent from the day’s opening value.
The crypto exchange’s stock market continued with a bearish outlook on Thursday during the New York pre-market session, having dropped 3.86 percent to trade around $203.4. The $52 billion company registered a bearish outlook in the past 24 hours following the announcement of the third quarter earnings result, which largely missed analysts’ expectations.
Closer Look at Coinbase Q3 Performance
During the third quarter, Coinbase Global reported a total revenue of $1.2 billion, whereas analysts surveyed by FactSet anticipated an average revenue of $1.26 billion. The company reported an earnings per share of about 28 cents, whereas Wall Street analysts expected Coinbase to report an EPS of around 45 cents.
The company’s EBITDA during the third quarter was $449 million, whilst analysts estimate was about $469.2 million. Although the company is a major web3 investor, the stock market performance did not reciprocate as expected.
“Really solid results across the board, I think quarter to quarter, you definitely see volatility playing a role in trading revenues and we saw that play out with softer market conditions in Q3 but we’re overall happy with the results,” Anil Gupta, vice president of investor relations, noted.
The cryptocurrency exchange announced that it ended the third quarter with $8.2 billion in cash reserves, and thus plans to initiate a $1 billion share buyback soon.
The company’s Ethereum-based layer two scaling solution dubbed Base has continued to grow exponentially in recent months. By the end of the third quarter, Base Network had a total value locked of more than $2.5 billion. Quarter over quarter, the Base network registered more than a 55 percent spike in transactions and more than two times new smart contracts were deployed.
As the crypto market goes mainstream fueled by clearer regulations, Coinbase has faced intense competition from other cryptocurrency exchanges. As Coinspeaker has recently reported, Crypto.com has significantly dominated the North American crypto market, mostly due to its wide altcoin offerings including the fast-growing meme coin space.
Nonetheless, Coinbase remains the largest cryptocurrency exchange with more than 800K in Bitcoin supply closely followed by Binance with over 600K coins. With the rising adoption of spot BTC ETFs, Coinbase Global will continue to grow its market, especially with the next Congress expected to largely incline to the crypto market.
]]>https://cryptocurrencypanther.com/2024/11/05/coinbase-global-stock-down-over-3-today-after-q3-earnings-missed-wall-streets-expectations/feed/0The Wolf Of All Streets Detects Shiba Inu Bottom, Projects SHIB to Hit $0.00001140 – The Crypto Basic
https://cryptocurrencypanther.com/2023/10/29/the-wolf-of-all-streets-detects-shiba-inu-bottom-projects-shib-to-hit-0-00001140-the-crypto-basic/
https://cryptocurrencypanther.com/2023/10/29/the-wolf-of-all-streets-detects-shiba-inu-bottom-projects-shib-to-hit-0-00001140-the-crypto-basic/#respondSun, 29 Oct 2023 23:11:05 +0000https://cryptocurrencypanther.com/2023/10/29/the-wolf-of-all-streets-detects-shiba-inu-bottom-projects-shib-to-hit-0-00001140-the-crypto-basic/
Source link
]]>https://cryptocurrencypanther.com/2023/10/29/the-wolf-of-all-streets-detects-shiba-inu-bottom-projects-shib-to-hit-0-00001140-the-crypto-basic/feed/0Wall Street’s Biggest Players Bet On Crypto’s Number 2
https://cryptocurrencypanther.com/2023/07/25/wall-streets-biggest-players-bet-on-cryptos-number-2/
https://cryptocurrencypanther.com/2023/07/25/wall-streets-biggest-players-bet-on-cryptos-number-2/#respondTue, 25 Jul 2023 02:15:48 +0000https://cryptocurrencypanther.com/2023/07/25/wall-streets-biggest-players-bet-on-cryptos-number-2/
Fidelity, a leading financial services provider, has recently released a report on Ethereum (ETH) that sheds light on some key metrics to watch for the cryptocurrency in the coming months.
The report highlights several important indicators, including the 50-day and 200-day moving averages (MA), the realized price, the Net Unrealized Profit/Loss (NUPL) ratio, Market Value to Realized Value (MVRV) Z-Score, percent in profit, and the Pi Cycle indicators, all of which can provide valuable insights into market sentiment and potential price movements.
Ethereum Holds Strong Above Key Support Levels
Per the report, Ethereum has remained above key support levels, with the realized price serving as a strong support level since January 10th.
Additionally, the NUPL ratio suggests that Ethereum is currently in a neutral zone, while the MVRV Z-Score indicates that the cryptocurrency’s market value is estimated to be just over the “fair” zone, potentially setting the stage for a bull run or at least sideways price action, according to Fidelity.
ETH’s NUPL indicator in the neutral zone. Source: Fidelity
Another interesting metric highlighted in the report is the percent of unique addresses in profit, which currently sits at nearly 66%. While this metric has not touched the green zone since January 2020, it suggests that Ethereum owners may be using the cryptocurrency for trading, DeFi, staking, or buying other digital assets.
Furthermore, the Pi Cycle indicators, which have historically been a good cycle top indicator, are showing that Ethereum is currently in a neutral zone. As the long-term moving average continues to follow the sunken price downward, it may be setting the stage for more volatility shortly.
However, whether this volatility will be to the upside or downside remains to be seen and could depend on a variety of macro factors.
ETH Adoption On The Rise
On the other hand, Fidelity’s report highlights that while monthly active addresses and the monthly transaction count have fallen by 1%, the number of monthly new Ethereum addresses has slowly increased by 9% in Q2 2023.
New addresses are defined as unique addresses that appeared for the first time in a transaction. This metric for momentum may not show direct network usage, but it does indicate a clearer picture of Ethereum adoption.
ETH’s new address momentum rising. Source: Fidelity
The short-term moving average of new addresses is shown to be rising back above that of the longer-term moving average, indicating that the rate of new users joining the network is increasing. New and existing projects are likely incentivizing new users and helping to drive this increase.
Another significant metric highlighted in the report is the net issuance of new supply issued by the network minus burned supply from transactions since The Merge.
This has driven a supply decrease for over five months now, with net issuance surpassing -700,000 Ether. The report notes that this is important because, in theory, as Ethereum’s supply is destroyed, it raises the relative ownership level of all remaining token holders.
As of writing, ETH’s price is at $1,849, which has decreased by 2% within the last 24 hours. Similar to Bitcoin’s situation, Ethereum has also lost its 50-day MA, which is currently positioned at $1,869.
If the market continues to decline, ETH can anticipate several key support levels that may help prevent a further bearish trend.
The closest support level is situated at $1,840, followed by another support level of $1,792. However, the most crucial support floor is the 200-day MA, which is located at $1,780. This will be a significant factor in determining who will dominate in the upcoming months.
Featured image from Unsplash, chart from TradingView.com
]]>https://cryptocurrencypanther.com/2023/07/25/wall-streets-biggest-players-bet-on-cryptos-number-2/feed/0Bitcoin, Ethereum, Dogecoin Dip: Analyst Says Apex Crypto Left Out Of Wall Street’s Risk-On Mode As Sam Bankman-Fried Flies Into US – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)
https://cryptocurrencypanther.com/2022/12/22/bitcoin-ethereum-dogecoin-dip-analyst-says-apex-crypto-left-out-of-wall-streets-risk-on-mode-as-sam-bankman-fried-flies-into-us-bitcoin-btc-usd-ethereum-eth-usd-dogecoin-doge-usd/
https://cryptocurrencypanther.com/2022/12/22/bitcoin-ethereum-dogecoin-dip-analyst-says-apex-crypto-left-out-of-wall-streets-risk-on-mode-as-sam-bankman-fried-flies-into-us-bitcoin-btc-usd-ethereum-eth-usd-dogecoin-doge-usd/#respondThu, 22 Dec 2022 02:05:37 +0000https://cryptocurrencypanther.com/2022/12/22/bitcoin-ethereum-dogecoin-dip-analyst-says-apex-crypto-left-out-of-wall-streets-risk-on-mode-as-sam-bankman-fried-flies-into-us-bitcoin-btc-usd-ethereum-eth-usd-dogecoin-doge-usd/
Major coins were seen trading lower on Wednesday evening as the global cryptocurrency market cap fell 0.6% to $810 billion at 7:16 p.m. EST.
Why It Matters: The optimism seen among risky assets did not enthuse the cryptocurrency market as Bitcoin and Ethereum trailed gains in stocks at the time of writing.
On Wednesday, the S&P 500 and Nasdaq closed almost 1.5% higher each on an intraday basis. At the time of writing, U.S. stock futures were seen marginally higher after earnings data and strong consumer confidence bolstered confidence among investors.
FTX founder Sam Bankman-Fried will fly to New York on Wednesday night. His lawyer told a court in a signed affidavit that the disgraced cryptocurrency entrepreneur was consenting to extradition due to his “desire to make relevant customers whole,” reported CNBC.
Bankman-Fried will be subject to arraignment and bail proceedings after he lands, according to the report.
“Sam Bankman-Fried has agreed to be extradited to the US and we may soon find out who else in FTX will be investigated and what other companies are impacted. Bitcoin isn’t getting much of a boost from the positive risk-on environment that is running through Wall Street,” said Edward Moya, a senior market analyst with OANDA.
Trader Michaël van de Poppe said that the “economy is looking shaky” in 2023 and his core portfolio in such a scenario is made up of cryptocurrencies, commodities — gold, silver, and uranium — and cash.
Cryptocurrency trader Justin Bennett said he doesn’t think there will be BTC capitulation without the apex coin testing the underside of the $17,600 June low.
Popular Bitcoin on-chain analyst, Willy Woo, noted that most coins underperform keeping money in cash. “You’re better to hold USD than to randomly buy a coin in the crypto casino. USD is not the ultimate shitcoin, 1000s of coins are worse.”