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Decision on VanEck Bitcoin ETF delayed
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US SEC Delays Decision on VanEck Bitcoin ETF
The US Securities and Exchange Commission has, once again, delayed its decision on a potential cryptocurrency-based exchange-traded fund. This comes as the latest in a series of delays in relation to crypto ETFs. A decision on the VanEck Bitcoin ETF has been a long time coming The Securities and Exchange Commission (SEC) made an official filing on May 20th, acknowledging the delayed decision. Furthermore, the SEC announced that it would…
A group of JPMorgan & Chase strategists are warning that the cryptocurrency rally could cause a Bitcoin crash
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JPMorgan Strategists Warn Crypto Rally Could Cause Bitcoin Crash
Strategists from JPMorgan Chase & Co are now suggesting that the value of Bitcoin has risen too quickly these last weeks. As such, they warn that a Bitcoin crash may follow – as the cryptocurrency’s price has surged above its ”intrinsic value”. This warning comes as many are once again turning bullish on cryptocurrencies This news comes from a fresh Bloomberg report, which details potential pitfalls with the recent spike…
The rising Bitcoin price could signal a looming 2019 recession, according to Bank of America CIO
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Bank of America CIO Says Bitcoin Investments Signal A Looming Recession
The chief investment officer at Bank of America Merrill Lynch, Michael Hartnett, has recently caused a bit of a stir. Specifically, Hartnett has come out and said that the recent rise in the price of Bitcoin is a sign of a looming recession. Rising crypto prices indicate a looming recession  This news came in a fresh Business Insider report. In it, Hartnett detailed how investors have recently been flocking to…
The price of Bitcoin has fallen suddenly, leading some weary investors to ask "will crypto ever recover"
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Bitcoin Briefly Drops Below $7,200 – “Will Crypto Ever Recover?”
The past few hours have seen a marked drop in the price of Bitcoin. As such, some of the gains experienced during the past few days have been offset. What’s more, this slight market turbulence has led some to question whether crypto will ever recover. Bitcoin suddenly dropped after days of gains May 17th saw the Bitcoin price plummet drastically within a matter of minutes. Although it was initially unclear…