Crypto Outperforms Nasdaq as BTC Becomes ‘U.S. Isolation Hedge’ Amid $5T Equities Carnage
The cryptocurrency market is showing resilience as U.S. equities plunge and investors look to bitcoin as a potential hedge
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The cryptocurrency market is showing resilience as U.S. equities plunge and investors look to bitcoin as a potential hedge
Crypto had plenty of reasons on its own to head lower, but now a general macro risk-off sentiment can be added to the mix.
Options trading on spot bitcoin exchange-traded funds could become available as soon as Tuesday, according to Nasdaq.
The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000.
The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs.
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.
Fold is attempting to go public via a SPAC merger (FotoRieth/Pixabay
A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbling together.
GRIID commenced trading on the Nasdaq Global Market on Monday under the ticker symbol “GRDI” while continuing to trade on Cboe Canada under the same ticker.
Spot bitcoin ETFs are launching in the U.S. on Thursday. Here’s what the issuers and exchanges behind these products have to say.