Blockchain Bites: Crypto in the Red, BlackRock Green Lights Bitcoin Futures
The world's largest asset manager will allow two of its funds to get into bitcoin futures, as Guggenheim speculates a market pullback in the near term.
Guggenheim Partners CIO says bitcoin could retrace all the way back to $20,000.
Options traders look to be preparing for further falls in bitcoin's price in the short term, according to put-call skew data.
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.
Bitcoin's correlation with traditional markets could "erode" its "diversification value over time."
The uploads come in response to legal threats by Craig Wright.
S&P joins a growing list of Wall Street firms to weigh in on bitcoin after prices for the cryptocurrency quadrupled in 2020.