Spate of Old, Wrong or Dubious ‘News’ Spooks Rookie Investors, Fuels Crypto Selloff
The market was already nervous thanks to the coming partial ban on crypto in Turkey.
The amount represents roughly 1.5% of his holdings.
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
Coinbase is known for its expensive trading fees yet it's still not listing doge, one of the most traded tokens.
As dogecoin's gains top 9,392%, CoinDesk’s Adam B. Levine finds some surprising parallels between the top meme token and bitcoin.
"The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally," one hedge fund CEO said.
The approval comes just over two months after Canada approved its first bitcoin ETF.
In this week’s "Money Reimagined" episode, Sheila Warren and Michael Casey take stock of the most significant development in the crypto space this year: Coinbase’s public listing on the Nasdaq exchange on April 14. Wall Street Journal reporter Paul Vigna and CoinDesk Managing Director of Research Noelle Acheson break down the action, the history of what brought us to this point from when Coinbase first launched in 2012, and what this means for the future – for Coinbase, for the crypto community, for Wall Street and Main Street.
Turkey's decision to ban crypto purchases is throwing cold water on an exciting week in crypto that saw Nasdaq list Coinbase (COIN) stock and bitcoin reach all-time highs. CoinDesk's Galen Moore, Christie Harkin and Brad Keoun discuss the week's top stories. Plus, a look at what's in store for bitcoin markets next week.