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(Bloomberg) -- Bitcoin’s explosive moves are stoking the volatility of U.S. stock futures in haywire trading days, according to Singapore’s DBS Group Holdings Ltd.
Mainstream Markets Shrug at Volatile $1 Trillion Crypto Rout May 24 2021, 6:38 PM May 24 2021, 2:02 PM May 24 2021, 6:38 PM (Bloomberg) -- (Bloomberg) -- Traditional assets are riding out the cryptocurrency storm so far, a sign that mainstream exposure to volatile digital tokens may be comparatively limited. MSCI Inc.âs global equity gauge edged up last week even as the Bloomberg Galaxy Crypto Index endured a near 40% plunge, the worst since the onset of the pandemic last March. Treasuries and the dollar were largely steady. âAnyone with a reasonable asset allocation would have a ...
Article content (Bloomberg) — Wall Street strategists face an almost impossible task in trying to analyze the outlook for Bitcoin and other tokens after a volatile rout. Even so, they are still trying, and some see the risk of more trouble ahead. At JPMorgan Chase & Co., a team led by Nikolaos Panigirtzoglou reckons it’s premature to call the end of the Bitcoin selloff. Meanwhile, in a wide-ranging report, Goldman Sachs Group Inc. signaled that extreme swings hamper crypto’s appeal for institutional investors. And Medley Global Advisors LLC warned of the threat of spillovers if Bitcoin ...
MONEYWEB app instead? Wall Street aims to make sense of confounding bitcoin swings The largest cryptocurrency rebounded on Monday, climbing 9% to $36 800 as of 8:42 a.m. in London. By Joanna Ossinger, Bloomberg 24 May 2021 10:06 Image: Andrey Rudakov/Bloomberg Wall Street strategists face an almost impossible task in trying to analyse the outlook for Bitcoin and other tokens after a volatile rout. Even so, they are still trying, and some see the risk of more trouble ahead. At JPMorgan Chase & Co., a team led by Nikolaos Panigirtzoglou reckons itâs premature to call the end of th...
Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending Chinese operations after Beijing stepped up its efforts to prevent B