Bitcoin Surged 22% in August as Stocks Stalled: Is BTC Decoupling?
Bitcoin jumped 22% in August as gold correlation hit a six-year high. Analysts say shifting links may aid diversification as Wall Street adopts blockchain.
Crypto · News reference
Bitcoin Bulls Are Back? ETFs Pull Over $730 Million as BTC Surges Above $82,000 and Fed Rate-Hike Bets Fade
Spot Bitcoin exchange-traded funds pulled in over $730 million on Thursday, Sept. 3, the third-largest daily inflow of the year, as the apex cryptocurrency surged past $82,000.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Anthony Scaramucci Once ‘Felt Small’ Next to a 23-Year-Old Billionaire Mark Zuckerberg—But The Bitcoin Bull Beat That Feeling by Embracing ‘Pronoia’
Anthony Scaramucci, founder of SkyBridge Capital, recently encouraged people to reject negative emotions in the face of setbacks and instead embrace “pronoia.”
Zcash Jumps to Record High, Enters Crypto Top 10 List
Zcash has jumped to a record high and entered a top 10 of the biggest cryptocurrencies as institutional demand rises.
Dash, Monero, Zcash Prices Soar as Crypto Investors Rotate to Privacy Coins
Top privacy coins like Dash, Monero, and Zcash prices jumped sharply and outperformed other coins as investors rotated to privacy coins.
Shares of crypto-related companies are trading lower amid a decline in Bitcoin prices following August's hotter-than-expected payrolls report, which boosted expectations for a potential Federal Reserve rate hike at its next meeting. A stronger U.S. dollar and higher interest-rate expectations are further weighing on crypto and other risk assets by reducing investor appetite for speculative investments.
Bitcoin Has No Label but Its Closest Rival Is Gold, BlackRock Exec Says
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and