Bitcoin Is Increasingly Acting Like Just Another Tech Stock
The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.
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The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.
Aiming to create Bitcoin as the reserve currency crypto platforms pledges to amass $10 billion to back its 'stabecoin'
A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age.
A stablecoin backed by Bitcoin reserves may "open a new monetary era of the Bitcoin standard", one expert said.
Bitcoin is on pace to post its third consecutive weekly increase, climbing almost 19 pct